Should I buy a flooded 1984 GMC K1500?

Looking to buy a 1984 GMC K1500 that was flooded in 2003. It is running and has no rust. The dealership told me the engine has been swapped. My question is am I taking a risk buying this vehicle? It has been running since ‘03 without issues. Can water damage still affect it 16 years later? Also is $14,000 too much... show more Looking to buy a 1984 GMC K1500 that was flooded in 2003. It is running and has no rust. The dealership told me the engine has been swapped. My question is am I taking a risk buying this vehicle? It has been running since ‘03 without issues. Can water damage still affect it 16 years later? Also is $14,000 too much to pay?
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