I was installing telephone at this guys house last week and he had a 1987 1/2 ton 2wd sitting in his side yard. It had been rolled so I asked what the story was on his truck. He shook his head and said that was his old work truck that he freshened up just within the last year. He said he had put in a new GM 350 crate motor and had the 700R4 rebuilt and showed me receipts that totaled a little over $3,500.00 for the new motor and trans work. He said the motor and trans have less than 5,000 miles on them since being installed. He fired it up and I drove it down the street and it ran perfectly,it just didn't look pretty. He said I could have the whole thing for $1000.00, so I snatched it up before he realized what he said and changed his mind.
One of my buddies has been asking me for a while to sell him the engine/tranny/computer that I took out of my 89 suburban for my blazer. So after I picked this truck up for a grand I called him and told him $1,500.00 for my stuff and he snagged it up without hesitating. I am giving him the wiring and computer out of the 87 and motor and tranny from my suburban which I know nothing about other than it ran good when I removed it.
So I got an almost new motor and trans with receipts, and $500.00 for doing nothing except stripping the 87. Sweet deal if you ask me.