I was on the fence about posting this but I think it's a good overview for folks looking to buy a project truck. I haven't really been able to contribute much in terms of new problem solving or fixing things as previous mud members have already covered thousands of issues here. What I do feel could be helpful though is what it cost me, what I learned along the way, and would I do it again?
What it cost me - I do have a summary by vendor but overall I spent $13,400 on parts and repair work. This was over 24 months and the biggest invoice was surely the motor rebuild at around $3,600. I ended paying $12k for the truck.
lesson #1 - pre-purchase inspection. I didn't do one and just because it runs doesn't mean it's a healthy engine or vehicle. I learned the hard way and had broken piston rings on 2 pistons, connecting rod journals that were shot and ended up building a whole new motor. I also had wheel bearings that were toast and a few other items that I didn't catch until it was on a lift. So my biggest takeaway: don't let excitement and lust take over so that you end up overpaying for your starting point.
What I learned along the way - Organization will lead the way for success. Patience is key, especially if the most you've ever done is change your oil. You can actually get away with a pretty basic tool kit (at least for my 40). I used floor jack and jack stands for all my work except the engine pull which I used an engine hoist for. Download a FSM and print it out, put it in a three ring binder and read it while you're watching TV. Or throw the PDF on your iPad and read it when you have time. The things you will learn, the relationships between systems you'll gain is priceless. Also, if you're into it I use AI tools like ChatGPT to help troubleshoot by summarizing information and showing related posts. I also use Notes app on my iPhone to keep track of "To Do's." Don't buy parts "just in case" unless you have a budget for it. I did this all the time and I ended up with things I didn't need or were not actually important to keeping the project moving forward. Reward yourself with small victories along the way. I'm very hard on myself when it comes to getting s*** done. If I start something I want to finish it. It's very easy to become mentally exhausted and have a constant list of things you "didn't get done" that day. I got some good advice early on from a mud member which was stay focused on projects that "make it safe" and "make it reliable." Everything else is just for show. I'm always torn on this topic but sometimes I'd order parts ahead of time and not need them and other times I'd wait, get only the parts I need but then have downtime between when I start and finish a project. If you plan ahead, having downtime is easy because your parts are organized and ready to go back together in the order you took them apart. Plus if you plan well enough you can putting something together while waiting for parts to arrive for what you just took apart.
lesson #2 - start your repair work by reading about the topic, looking at parts diagrams, reviewing the FSM. Be ready for some mental workload. If you're like me you're learning a lot of new stuff every time you go into the garage. Take breaks and stay organized with parts and repair lists.
Would I do it again - Probably. As long as time and money allow. As someone who works with email and phone for a living picking up wrenches and working with my hands had become the only time my brain wasn't scattered across three tasks at once. It brought me back to focusing on one task at time until its finished. Plus now that I've made a lot of mistakes I know what I'd do differently (and better) the next time.
lesson #3 - Honestly I don't know what the larger lesson is here. I suppose its don't let fear and lack of knowledge determine the outcome. Fear of the unknown can be overcome through education (mud, FSM, friends, YouTube). My second over arching theme here is probably not to overpay for a vehicle that might need work. If you don't know if something will need work you should be afraid and follow the path to overcome fear through education. Find help/resources to help you evaluate your purchase. Sure wish I did
And because this is build update I found out my gas tank was leaking through one of the vent lines so I've got my seat pulled out and the cover off. This kinda works out because my backup lights stopped working and it turns out the wire pulled off the sensor in the transmission so I need to remove the transmission hump to swap in a new reverse switch.