Can you enjoy the truck "AS-IS", without fixing the rust? If you will enjoy it, then go for it.
Your friend is correct, it will cost you much more to fix that truck than to buy one in better condition. With that much rust it will eventually return to its present condition anyway.
To be safe, assume it will only be worth about scrap price when you want to sell it, regardless of how much you spend on repairs for it.
You might still spend another $2000 or more just to get it back into safe driving condition: tires; brakes; master cylinder; brake lines; battery; radiator boil, carburetor overhaul; fluids; and maybe a distributor overhaul are not unreasonable repairs for a 50 year old truck that has been sitting for six years. If the truck will do the job for you and it puts a smile on your face for a number of years, that's a small investment.
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Today's Featured Article - Little "M" - by Donnie Anderson. They call me "Little M" and this is my story. For the past several years I have sat against the tree-line, where my parts have rusted and rotted away. For all of these years I have wondered just exactly what happens to old tractors? Times were not always like this. I can remember back to 1948 when I was a brand new John Deere Model M. A man and his wife came to the dealer and looked me over real good. After many talks with the salesman a deal was struck and I, along with a M2 plow, c
... [Read Article]
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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