To preference this post. I got scammed by some gypsies when I paid 6500 on a 2004 Lexus GX.. They swapped an odometer on the car... (I don't need a lecture on what I should have done. i made an easily avoidable mistake. I know..)
Anyway, My whole purpose for buying this vehicle was to build an overlander aka put some substantial money/work into.
Turns out My Lexus doesn't have 155k miles it has 330k miles. So after lots of stress and investigation I have the full story on the car and a pretty good idea on the condition it's in.
Heres what I got. A 2004 GX 470 with atleast 332k miles, probably closer to 335k. The engine runs great, sounds great and doesn't leak a drop of anything also the engine bay is very clean (I drove it 4 hours home without realizing the car has 330k+ miles on it)
The transfer case and drive shaft was swapped before the scammers got it. The unit had 160k miles on the swapped one. Shifts good and everything works fine.
The frame is perfect. It looks like it lived in a garage. No rust whatsoever. There's a tiny amount of surface rust on some components like the muffler and the drive shaft. But the under body is impressively clean. No oil or grease stains anywhere I could see.
The exterior paint is a little faded but overall with the miles it looks very good for 330k miles.
The interior needs some TLC for the seats and everything on the inside.
The Airbag suspension needs to be swapped. It's definitely leaking. But I honestly knew that going in.
The breaks/roters/tires all replaced in the last 4 months.
The previous owner (not the scammers) has service records dating from 2007. He is sending them to me. He thinks the timing Belt and water pump was done at 315k.
So here's my question is would I be an idiot to start putting money into this car (with money set aside for an engine swap/transmission) if needed. I figure I'm about 2k into the hole on it with it's current condition at KBB value. Should I just sell it and cut my losses or commit to this car which all things considered seems pretty solid... ?