I just inherited a 1970 Land Cruiser. I need to decide what to do with it. I do not work on cars for fun, only as needed to avoid paying mechanics.
Please do not take the following as whining or being ungrateful, I am trying to deal with the hand I was dealt.
Condition is poor. It was parked in the weather for two years. IT runs and drives. The engine is a Chevy straight 6. The transmission is 3 on the floor. The body was recently painted but the top was not. It looks good until you look close. The electrical system is shot. Many original parts were discarded, heater core, rear area heater, all the rubber etc. Many necessary items like the windshield wipers do not work. Basically it was a ranch truck for 40 years and got a new paint job recently.
A full restoration seems to cost about $50K. I have an FJ80 that is in good condition to do the same job. I am already out 15K on the 1970. I think it is worth about 7K. I do not ever see driving it regularly. I am inclined to sell it ASAP and cut my losses. Are my valuations in the ballpark? Am I missing something obvious?
Please do not take the following as whining or being ungrateful, I am trying to deal with the hand I was dealt.
Condition is poor. It was parked in the weather for two years. IT runs and drives. The engine is a Chevy straight 6. The transmission is 3 on the floor. The body was recently painted but the top was not. It looks good until you look close. The electrical system is shot. Many original parts were discarded, heater core, rear area heater, all the rubber etc. Many necessary items like the windshield wipers do not work. Basically it was a ranch truck for 40 years and got a new paint job recently.
A full restoration seems to cost about $50K. I have an FJ80 that is in good condition to do the same job. I am already out 15K on the 1970. I think it is worth about 7K. I do not ever see driving it regularly. I am inclined to sell it ASAP and cut my losses. Are my valuations in the ballpark? Am I missing something obvious?