It appears solid.
"1948 Willys CJ-2A for sale. It's generally in good shape, but isn't totally original. It starts, runs, drives, and stops. Here are the highlights in no particular order:
- It has a 1978 Ford Pinto engine that runs well
- The entire brake system was replaced about a year ago, and now has a dual reservoir master cylinder
- The transmission is the original 3 speed
- The vehicle's top speed is 35-40 mph
- There is some rust on the vehicle, but nothing extreme
- The vehicle has a clear title and current registration
Text, call, or email to check it out."
http://panamacity.craigslist.org/cto/4594084347.html
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