Possible Project Truck

[reighnman]

Hi all, looking for some feedback on something:

 

Originally I was looking for high-mileage 2011+ 2500 6.0's with decent body/interior for around $12k, with the intent of rebuilding the power train and turning into a toy.  A couple popped up over the past few months but I could never jump on them fast enough.

 

Recently I came across a 2012 2500 LT with ~250,000 miles in bad condition but for pretty cheap.  It was a farm truck, likely sat in a field/outside its entire life.  The truck has just about everything broken on it but was able to talk them down to $5k, so wondering if even that is too much based on the amount of things wrong with it.

 

-Body was ok, lots of scratches and a few dings but could be fixed, little rust under the rockers.

-Frame looked ok, surface rust typical for a '12 in the midwest

-Interior is dirty but ok, driver front door needs new handles

-Tailgate would need to be replaced, was damaged by gooseneck

-Stabilitrak malfunctioning, not sure how much work involved to resolve

-Electronic shift would go into 4H but not 4L

-Engine light, havent pulled codes yet but since I planned to rebuild the motor/trans not too worried

-Couple leaking hoses like power steering

-No hvac fan 

 

Would dumping another $5-8k into be enough to make for a decent truck with all new fun parts?  Or better off just finding a clean one for $12k.

 

tldr; is this worth 5k

 

 

Edited March 15, 2019 by reighnman

[diyer2]

Not worth $5 k to me.

Rode hard and put up wet.

No hurry right?

 

 

[RoarinRow]

I'm not mechanical so I'd keep searching.  The outside and interior doesn't look bad at all, but all the rust and things you mention would definitely make it a project truck.  I was fortunate to find my 02 2500 with low miles, which I got for about 13k and did not have to replace any mechanical stuff except for the notorious transmission case hole leak issue (knock on wood).

[reighnman]

21 minutes ago, diyer2 said:

Not worth $5 k to me.

Rode hard and put up wet.

No hurry right?

 

 

Assuming I can stay patient

[reighnman]

Also for $5k I can almost just clean it up and do basic maint to get everything working and flip it for slightly more than what I paid if someone is just looking for a tow vehicle no?

Edited March 15, 2019 by reighnman