Well it isn't bad news for me since I don't own the truck. I'll do some CA DOT research based on your comments prior to buying anything else.
Your math does beg the question on what would have the truck been used for for 30 years if it isn't able to tow anything?
Well I am the original owner of an F350 powerstroke 4x4 that my wife now drives daily. I own an open trailer I use to transport my track car. I was thinking a vintage Ford with an IDI and either a rollback or Hodges bed would be a better transporter. Mainly because my wife wouldn't get upset...
I took a look at this truck and it has serious potential. the Cab looks pretty free of rust no major body issues and the rollback works wel and isn't beat up. I just don't have the time and space for it.
http://losangeles.craigslist.org/lac/cto/4315051139.html
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