Here's my .02 worth:
While 32K may seem like a lot for 'an old truck'...trust me, it's not. You could always buy the 2-5K truck and restore it yourself thinking 10-15K will get the job done. That thought would be negated very quickly. The projects are never as easy and even more true, are never what you thought they were going to cost.
If you're the guy that's just as happy driving a rig that is constantly awaiting the next repair, next mod, or next resto project - then yes, 32K is a lot but again, if you imagine yourself driving something as pristine as the one pictured, you'll be lucky if you get out anywhere near 32K.
You can use me as a case study:
Rig: 1987 FJ60. Great overall condition; no rust, some minor issues, one owner, receipts from day driven off the Toyota lot.
Price: 10.2K (with shipping; Az -> La)
Expectation: Approximately 20K to 'restore' it and make it my daily driver.
Reality: Suffice it to say, the 20K has been far surpassed. It's been in one shop or another 95% of the time since I purchased it and even though I blew my budget out of the water within the first 3 months, she's not anywhere near being done. Yes, it's true - I'm somewhat of a fantastic: Meaning if I see something rusted, leaking, or if a part is 30 yrs old and still available and work is being done 'close' to it...I buy a lot of parts.
My take on the 32K rig: Hindsight is the mother of all 'son of a beotch' moments. . .32K, knowing what I know now. .. done deal!
Shane