Make sure the engine is actually a 401. Look at the raised letters cast in to the block.
The main issue with these cars is the BW13xx QuadraTrac transfer case. Read the Jubilee Jeeps page http://jubileejeeps.org/quadratrac/index.htm
- the main issue for the BW13xx is parts availability. The manufacturer of the OEM chains (Morse) has stopped making the chains and the old stock is gone. If it clunks, you need a chain. If the chain has not been replaced in 107K miles, it needs a chain. This is a major issue for these cars. http://www.ifsja.org/forums/vb/showthread.php?t=131239
401s are not supposed to be bored more than 40 over. Some 60 over engines will overheat, some won't. If it's been rebuilt, ask to look at the receipts.
Not a bad price if it's as described - and you do not have chain clunk. Replace the wood grain and it would be sharp.
1) '77 J10 LWB, 258/T15/D20/3.54 bone stock, low options (delete radio), PS, hubcaps. 2) '82 J20 360/T18/NP208/3.73, KOs, 7600 GVWR 3) '75 CJ-6, 304/T15, PS, BFG KM2s, soft top 4) '95 VW Golf Sport 2000cc 2D