Good morning
@TheEngineer . No, I don't mind at all and I think it is good to be forewarned regarding costs and prices...especially for those new to the LC world that don't have welding and automotive repair skills (and the tools), but still want a 30-40 yo 4-Wheel drive in new-car condition. You can count me in this category because even though I try to do a lot of the work myself, I just wasn't up for the task when it came to re-gearing axles and cutting up body parts to eliminate the rust.
I assumed I could get the car painted for $8-10K and I got a couple of reputable paint shops to suggest a price in that range, but not make any commitments regarding the details of that work. I found one guy in Arizona that did a great job for about that price, but when I talked to him on the phone I must have asked too many questions. He was extremely upset at another person who had him paint a 60-serires and he shut me down hard because he thought I was also going to make him do $15K worth of work for $10K. I went hunting for classic car paint shops in Albuquerque and Santa Fe and got quotes in the $16K to $20K range.
Of course, Kelly Saad in Flagstaff is well known on this forum and I went to him early on when I realized I had rust in my A-channels and probably a bit along my drip rails. He thought it would cost me something in the $18K range and I just couldn't imagine spending that much money on a paint job. Ultimately, I realized that I would probably need to spend $12K to get a quality paint job, but none of those paint shops were willing to tackle the rust in any meaningful way. After another month of looking for paint and body shops, my wife convinced me that if I really wanted to restore the car and keep it for a long time then I might as well do it right. My 23 year-old daughter loves the truck and maybe the next step is a Ford electrical truck motor 10 years from now.
I called Kelly and put money down for a paint job 5 months in the future. In the end I think it cost me about the $18K he quoted and I figured he was paid about $75/hr for the work that he did...maybe a bit more or less, but actually pretty reasonable when you consider that price included all paint and supplies, etc. One additional note: Kelly told me that my car had less rust than any other car he had worked on before, but even so, the rust he predicted at the bottoms of the doors and wheel arches was there even though it wasn't visible from the outside. See photos and think about 5 years down the road in all of those spots after you just spent $10K for a paint job.
So...what will it cost you? It really depends on the condition of your car and what you want to achieve. Some people like rust...they call it patina and will pay extra for it. There are places on these vehicles that just get rusted, period. If you don't cut that rust out it will eventually show up. If you don't treat it with POR or some other preventative it will show up sooner rather than later.