Thanks for the replies. Seems like with hindsight, had the truck been undercoated early in it's life the frame might have been salvaged - likewise, had the rot been discovered maybe it could have been fixed. It was given to me a few years ago and remains inspected through the year so I'll keep using it around town and get rid of it when the sticker expires or the frame goes.
I'm glad I declined the undercoating for my current vehicles. I'll continue going to the car wash regularly and while my driveway is gravel, they are generally parked on asphalt or in the garage.
I like to keep my cars as long as possible so am looking to do as much preventative maintenance as possible.
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