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Yeah, the rust scares me. It looks like the truck was repainted at least once and who knows who lurks under the bubbling rust. I would bet there's a lot more damage once you hit it with a grinder. I'd sure would want to check it out before bidding.
Funny...how we all look at a truck,and wonder about different aspects of it? I figure at this price ...I could fix it and make it work....but found a 56 panel to look at.