thats what i do! , i try and buy a $500 or down 4x4 at least once a month. i have a small fleet. about ...oh at least every 3 trucks, i have enuff good parts and money to buy new door seals w/window seals also and front end rebuild and any gaskets or seals leaking and put a paint job on and herculine the tub, sand out the top out smooth and paint it body color, tint it out and put a grand in stereo and maybe $12-1500 in tires and rims. and SELL IT!!!!!
chevys have one heck of a resale value when they are in good shape!
l'm lucky, they will allow you to borrow 85% of what the book says the truck is worth, no matter the shape, i like it when i find newer model wrecks that i can get for $3000-3500 and the book says its worth $15-18,000.
borrow the full amount, spend the money to put the truck back in better than average shape with a mild motor, stereo, and lift, and a good bodyjob and paint(custom)....when its wrecked in the oooosay front right, i buy both side spindels and whatever else needs to be replaced and put new sheet metal
use aftermarket stuff like cowl induction hood and all the trick parts, that i can get cheaper off of ebay than the gm part would have cost me. 2wd gets hotrodded & lowered alitlle, 4wd lifted and hotrodded a little, i borrow, oh say, $9500 sell it for $17,500 cause its tricked out and the stock one is @ $15,000.
just like the 3 $500 trucks turn itnto 1 worth $7500, when i have $3-4000 in it. pocket the difference, never turning back!!
