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This reply may be too late, but the main thing to check for is frame rust (unless you're in the southwest of course). The frames rust from the inside out, so when it becomes obvious, it is usually bad. Check especially anywhere the frame turns upward from horizontal, above the rear wheels, and where the fuel tank sits against the frame.
Also find out if/when the timing chain was replaced.
Depending on where you are, $1600 sounds a bit high, unless it's perfect.
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84 4Runner - ARBed 5.29s F&R, 4.7 & 2.28 t-cases, Chevys, AP x-over, BudBuilt x-member, 2" drv trn lift, 36" TSLs, 30 spline Longs
80 something p/u - Buick 231 V6/TH-350 trans, Holley 4 bbl, Weiand intake, dual batts, dual tanks ...
89 4Runner - stock
2000 Isuzu Trooper + 2010 Sonata
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