I just picked up a 97 Collectors Edition myself. But I did a lot of research and budgeted for the head gasket, tires and paint as major expenses. As soon as I got it i started observing it and making a list of little stuff. It's a decent list, but I'm already whittling away at it as a lot of it is small and easy (radio antenna, window regulator and motor teardown, fluid changes, etc). You have to want it for sure. I've always wanted an 80 and am not remotely turned off by the maintenance I am going to be doing for a little while. It's such a cool rig. Nothing to look at right now, but I know what it is and what it will and can be and thats enough for me.
Also when I was looking I could have gotten pretty clean late model 80s for 15-16k that were locked, better leather, better paint, etc. But they were the same miles as the one I bought with no record of head gaskets or other major maintenance, and I would have had to spend that money anyway. So I bought one half the price that was a bit cosmetically defunct but no rust and solid otherwise. I'll have less in it after the maintenance and have a better truck. Minus lockers ? haha.
Also when I was looking I could have gotten pretty clean late model 80s for 15-16k that were locked, better leather, better paint, etc. But they were the same miles as the one I bought with no record of head gaskets or other major maintenance, and I would have had to spend that money anyway. So I bought one half the price that was a bit cosmetically defunct but no rust and solid otherwise. I'll have less in it after the maintenance and have a better truck. Minus lockers ? haha.