I’m a sucker for FJ40 Land Cruisers, probably because I had lots of friends with them in college. Even in the hip-deep snows of a Colorado winter, the little FJs would get you anywhere you needed to go. I started looking for one as a project a few years back, but could never find the right combination of condition and affordability.
Dan Strohl of Hemmings Blog posted this mint condition example, and it’s too good not to pass along. For sale is a 1966 FJ40 soft top, restored to original condition, for a hard-to-wrap-your-mind-around bargain price of $18,500. Restored and modernized examples sell north of $50k, and you couldn’t restore a rust free example yourself for less than the asking price. And that’s assuming you could do most of the wrenching, paint and upholstery work in house.
This one’s got 250 miles on it since the resto, so chances are good the bugs have been worked out. The restoration looks good enough, but it’s hard to tell from two or three pictures. Still, even if this were restored by a troop of monkeys with hammers, and brush painted with an interior latex paint, you’re getting a rust free, unmolested ’66 FJ40 for under $20k. In this economy, that’s about as solid an investment as you’re likely to come across.