Fair prices for a 1988?

ozzyleven

New member
What should I be looking to pay for an 1988, 4-cylinder, manual trans, wagon model, 4runner with some problems?
The good: good body, only very minimal rust on one fender, all service records since 1993, and 108,xxx miles, brand new brakes, and almost new tires.
The bad: It needs the timing chain done and according to the vehicles mechanic (fortunately my mechanic also) have recommended an engine rebuild (thus the motivation for the sale). It is burning oil. I am pretty mechanical inclined, but I have never done a rebuild, so at the very least it will be frustrating and take me awhile. Its got minor leaks elsewhere, like the rear diff. And the clear coat is gone on the hood and roof, so it looks a little rough.

The only reason I ask here, is because I cannot find any reliable values for vehicles older than 1990, damn you kbb.com. I also have never bought a vehicle this old, so it is throwing me off a bit on what I should expect to pay.
I am seeing values all the way from 550 to 1900 on various sites, for a 'fair' value vehicle. I plan on doing the timing chain and rebuild myself, we will see how that all pans out. I want to at least get a good enough price that I can recoup the cost of timing chain parts and a rebuild kit.
BTW: the seller has no mechanical knowledge what-so ever and is trying to get what her boyfriend said she could sell it for which is $1500, but hasn't had a lot of interest in it.
 
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what kind of shape is the body in? any rust? I would not pay more than $500-700 if the body is good and the interior is also good. He has not had any interest bcuz 1500 is crazy for the condition it is in.
 
Body is in really great shape. Couldn't find one dent on it. There is only a touch of surface rust on the right fender and surface rust on the rear bumper. Yeah, I thought 1500 was crazy myself. That is actually down from the initial 1700 the other day. Hell, I only paid 2100 for my 94 and that rig is 95% mechanically sound. Maybe I'll just let them get desperate and see where their prices go...
 
i bought mine with a rusted out tub for 800$ new tires brakes timing chain lots of stuff so your not far off on price.

but being in NM you will have a lot of people who dont need a good body they look for solid axles first.

I wish i could drive down there and get it.
 
It sounds like a money pit to me. I guess it's worth 500 bucks. I've bought many cars in my life for less than 500 bucks, and most of them ran fairly well.
 
Thats what I was thinking. I wouldant pay more than a grand for it.
It needs a motor, without a motor, its just a lawn ornament.

X2

1K
$500 for engine
= $1500 truck, which is about what it is worth if it didn't have engine issues.

Offer 'em 1K & be willing to walk away.
If it were an '85, that would be a different story.
 

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