The things to really be wary of are significant rust in the chassis and the bulkhead (the structure that the doors are swung on). Places to look in particular are the rear cross member, where outriggers attach to the chassis, spring hangers, and, on the bulkhead, particularly around the vents and just below the windscreen.
A cheap vehicle of this age can be expected to have multiple places to spend money, but some of the things to look at are:-
Brakes - expect to have to replace all wheel and master cylinders, possibly linings. Starts to get expensive if you have to start replacing drums and backing plate adjusters.
Radiator - if it leaks, repairs/replacement is probably going to be more than you paid for the vehicle.
Prop shafts, U-joints. U-joints are cheap to replace, splined sliding joints are not. minor leaks from transfer case and diffs are normal, and seals are cheap and easy to replace.
Gearbox is robust and you shoould not have problems, but make sure if possible that all gears work. There is synchromesh only on 3 &4.
Clutch master and slave cylinders - expect to replace or overhaul them.
Windscreen wiper motors. Make sure they are present and work - replacements tend to be expensive.
Steering wheel - if possible should be in reasonable condition; replacements are like hen's teeth.
Lights are not a major problem - available and not too expensive. The wiring can be a problem if in poor condition or excessively messed with.
Check the front swivels - play on them will need attention, and if they are dry or grease filled could begin to get expensive. If the balls on the axle housing ends are rusted on the seal surface, this gets expensive.
Carburetter - should be Solex, but Zenith or Weber are OK if in good condition. A Holden carburetter is less than satisfactory.
Generator is prone to rear bush failure, many have been replaced by alternators, and the polarity reversed to negative earth.
Check fuel tank for leaks - can be expensive to fix or replace.
Perhaps you can find someone form here who is local and prepared to have a look. Fill in location under User CP will help.
John


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