Looks solid, though it has a few updates.
“This 1948 willy is a great little towing jeep, runs great has good tires and a full top, 3 speed spilt shift. Rebuilt 4 cyl flathead is great on fuel. Has 2 jerry cans, block heater, warn lock hubs receiver hitch and shut off battery.
No rot in good condition
Will consider trade on used backhoe tractor”