Zack,
Thanks for the link to the thread. Lots of understandable speculation in that thread. Let's see if I can shed some light:
Current owner bought from the original female owner in Sant Fe New Mexico. Vehicle kept at a owners 2nd home and used very little, hence 33K miles. Current owner paid original owner >$15K for the 60 due to the low mileage and original condition, brought it to Houston, and started hearing a knocking and ticking in the engine over time. Took it to the Toyota dealer and they told him the harmonic balancer needed to be replaced. Once they got into working on it, they came back and told him that the crank bearing had gone to hell and needed to be replaced, and that some minor damage had been done to the engine. Knocking and ticking drove me nuts. I've been there with the crank bearing as my '78 40 had the same problem. Current owner is well off and wanted it to be perfect, so he told them to go through the entire engine. They did. I saw the receipt for the work - done by Don McGill in Houston. Broke down every part expense and listed it on the receipt as Totoya service receipts do. Current owner is picky enough to have spent $145.00 on new Toyota OEM lugnuts replaced by the dealer as the old ones weren't in the best shape. This is the kind of guy were dealing with here. Appreciably anal retentive about the details.
There were a couple of spot of surface rust and a number of scratches he wanted fixed, and yes I saw the 20+ "before" pictures prior to the new paint. The paint was pretty faded after 20 years in the NM sun. Obviously the spots and scratches couldn't be fixed and have it match the 20 year old paint, so he has the thing taken down to metal and repainted. I saw the receipt for that too. The original owner had all receipts for 20 years of ownership, and even had the original coupon service booklets from Toyota, which were pretty cool. The 30K service has been done at Toyota here in town, and all fluids have been changed. Receipts documenting all money invested. No one but Toyota has turned a wrench on it since he has owned it.
As a sidenote, not that this is anyone's business, but someone speculated that it probably isn't his house it is parked in front of, rest assured, it is. The current owner's residence is in very upscale 50 year old neighborhood in Houston. He's not a dealer trying to pull one over on someone. It's a third vehicle for he and his family that he had a passion for and wanted to be perfect. New business venture is motivating him to sell it to free up capital.
Yes, it's a lot of money. Yes, you could buy a 250k mile 60 for $5000.00 and do the work yourself. Yes, the motor work did sound suspect, which is why I investigated it. Some thought the repaint was suspect, which seems ridiculous to question on a 20 year old vehicle, unless it was kept in a bubble it wil have paint degradation over 20 years. You may be able to get one to this condition eventually , but it will definitely cost you more than $10,000.00. New Toyota installed 2F, not a rebuilld of the original by some hack. Everything including the block is new. The interior looks as good as it did the day it rolled off of the showroom floor, including the rear cargo area. Carpet had been cleaned recently, but current owner didn't want the detailer to shampoo the seats because he didn't want to get the foam inside the seats wet for fear ir would mildew or cause it to break down given its age. Again, appreciably anal retentive. The seats and carpet don't have a water mark, soil, or stains of any kind. Don't need to be cleaned as they are immaculate.
My point in writing this novel, is that you would spend a ton of time and even more money getting a 60 to this level. I don't have the time as it will be a DD for my wife. I don't want some dingy beat to hell 60 to wrench on everyday. It's enough of a feat getting a woman who is used to a driving a light car with 180hp, heated leather seats, sunroof and power everything to drive an underpowered 2F tractor motor linked to a 4-speed in Houston traffic everyday. Let alone having to sell around breaking down constantly, stained seats, worn out carpet, ripped door panels, ripped headliners and seats, cracked dash, dog smell, etc., etc. I've already got a '58 Corvette as a project and it takes up too much time as it is. I don't have the time to drop $25K getting one to this level, if you could even find all of the OEM parts to replace everything including the entire interior. I feel that a person is money ahead in buying something like this, if the story checks out. Yes, it will be higher mileage and worth less in the future. I plan on keeping it and having as an eventual 4th vehicle, which is the method to my madness. The hit I will take will be much, much less than paying interest and depreciation on a new SUV, if I could even find one I liked better than the 60. Which I can't. Hope this makes sense to someone. If not, I'm in big trouble and need to be sent to the mental institution......