Originally posted by SaharaMan
I'm seriously thinking about buying a 1980's CJ for under $1000 or under $500. Then, I would like to restore the jeep and convert it to a reliable, every-day driving jeep. Then I would like to sell it and make a couple grand, if possible. Do you guys think this is a good idea? Is it worth it? How much $$ do you think I have to put in to this project to make it nice, and how much could I sell it for?
Any CJ that you can buy for under $1000 is going to need *a lot* of work and money. Unless you are a business and get the customary 20-30% off on parts and supplies, it will be difficult (nearly impossible) for you to make any money on it at resale.
In my experience, a complete CJ restoration will cost anywhere between $8-$15K depending on the parts you use and the original condition of the Jeep (body tub and parts, frame, etc).
Although restored CJs are still rising in market value, they still fall into the "labor of love" category meaning you will most likely spend more than you can sell it for.
I would say "go for it" though. Enjoy the work and who knows... Maybe you will make a buck or two upon resale.