I have jumped into the M37 world and did a lot of research prior, as you are now. I have (and still do) want a civilian power wagon, but I found I could get close with the M37 for a fraction of the entry price for something running well and in decent overall condition.
I uploaded a few pics of mine to an album in my profile, but here are the basics so you can compare (I don't claim to have gotten a great deal or anything, but I feel good overall about the purchase):
- 1952 with PTO Winch
- Almost all original, as far as I can tell the two changes are a stainless exhaust and 12V conversion
- Extremely little rust, just a few bubbles here and there. All body is straight and tight except tailgate has some dents
- Starts instantly and runs at 40mph all day long, smooth, straight, and shockingly quiet.
- Documented history from Camp Ripley in MN, to the previous owner, to me, which I think is cool.
- Speedo and oil pressure guages work, the rest don't
- Wind shield wipers do not work
- Has all parts and canvas for both cab cover and cargo cover
- Original troop seating in the bed, spare in bed, and original auxillary jump seat behind the spare
What I currently have into it:
- purchase price $10,500 cash
- brand new Coker Firestone 9.00 x 16 tires, tubes, linings, $1,700 installed
- brakes bled (no money)
I have driven it for several hours on 90 degree + day, with the windshields open I don't get hot, it is the most awesome air conditioner ever IMO!
I have 6'1" and 260 pounds. I'm just fine driving for hours, but I for SURE am going to modify the seat cushions to give some more room for my legs - and if I have a big lunch the bottom of the steering wheel can rub my gut!
It took me a solid 2 hours of various driving to be able to do it without thinking. The gears are LOW, and you have to PLAN to stop (others have said this many times). Once you're used it IMO, no big deal.
People of all ages LOVE to go for rides - from my 77-year-old "senior chief" who will ride shotgun in parades, to kids loving to go get ice cream riding in the back.
My previous "toy truck" was a 1979 ford bronco with a similar 4-speed geared low, and other than that bronco having power steering it's funny this M37 feels relatively similar.
Could not be happier with my purchase!