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The guy wants $8,000. Is that too out of line for this car?
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If the frame and body are sound then it looks to me like the start of a nice car. But as mentioned don't underestimate the time and cost to put it all together and get it into good shape. No doubt it would be cheaper to buy one already restored.
Guessing here without looking at it first hand and seeing the parts that come with it- depending on how much of the work you do yourself I figure maybe 30K to make it nice, much more than that to get it into show condition with all the options or to put big power under the hood. So paying a few thousand less or more for the car now is not going to make much difference in the end.
Bringing a car back to life isn't about money, its a labor of love. If you are ready to take the plunge and put the time in, really want the car and honestly have the finances needed to do the restore then go ahead and buy it.