Wanted FJ62 Pricing Help! (Cross posted with 60 section)

I am looking to purchase a FJ62. I have a friend who has a 1989 with 199k miles on. I’m really struggling to find some type of medium price wise.

Here are the details

- 1989

- 199k miles

- Georgia car its whole life

- Truck has been taken care of


I haven’t done a deep dive in regards to a full blown inspection. Here are some things I’ve noted.

It’s essentially 100% original. This includes the original gray paint that is faded on the hood, roof, and parts of a few quarter panels.

The paint deal is what is perplexing me. On one hand I like that it is original and you can tell exactly what you are looking at. But on the other hand it would be obviously nice to have a fully, great looking Cruiser.

There is one rust spot in the passenger door rocker.

My buddy is asking $14,000 for the cruiser. He is a dealer so I am going to need to pay a doc fee and 7% Tennessee taxes so it puts me at $15,500. This is a good friend of mine so I don’t feel comfortable haggling on the price. Especially when there is a good chance I will put 5-10k miles on the truck and turn around and sell it to him or consignment.

Here are the closest comparisons I can find.

This is the main Bring a Trailer 60/62 sales.

Land Cruiser FJ60 & FJ62


This is the current auction I am watching and what I think will give me a great idea of where I should be. Ends in 4 days. Currently at $6700

1990 Toyota Land Cruiser FJ62


Here is one that sold last August for $17,500.

1990 Toyota Land Cruiser FJ62


Pictures of the Land Cruiser I am looking at

My main questions I hope you guys can help out on are

1. Do we think $14,100 is a good neighborhood?

2. Does anyone have any experience spraying either a partial or full truck? I know price ranges can vary wildly based on level of prep and quality of work

3. If I can live with the paint as is and plan on keeping it 1-2 years is it even worth painting it? Will the risk of a crappy paint job hurt me resale wise down the road? Would you all say Land Cruiser enthusiasts can appreciate a truly all original truck?

My main goal is to be able to get out what I put into this truck money wise a year or two down the road. It won’t have a lot of miles put on it and I am sure I will inevitably tinker around with it mechanically to get it in better shape. Knuckle rebuilt, shocks, etc

 

[satchel]

IMO the trucks you are comparing this truck to are in much better condition and they are probably in the 14k area. This truck is not in the same condition paint wise, accessory wise (lift and tires), and probably mechanically (looks like maybe a weeping knuckle). I would think the truck you are looking at would be a good base if no rust, but probably in the 8k range.

Edit:
You're really never going to be able to put money into one of these trucks with upgrades and then turn around in a short time and make that money back no matter what truck you buy.

I'd say if you want a 14k truck and want to make sure you can sell it in the future for 14k, then buy one on BAT or somewhere that you can make sure there is a market for the truck you just bought at the price you bought it at, you can always put it back and likely get the same amount back on it.

Also gray is not the most appealing color to most. I should know.

 

[bugsnbikes]

Agree with above. We have cleaner ones sitting and not selling on craigs in Ca. For $7500.

I personally wouldn’t buy a cruiser for 1-2yrs of use and hope to sell it without getting crushed unless you find a deal.