I say make a reasonable offer and go for it if it's still available. If the car has been sitting around for long time the guy is probably getting ancy to get rid of it. If you have the money and spending it won't create a hardship then go for it. Many people might disagree with that statement, but restoring cars 99% of the time is not a pofit business. It is a labor of love. I wouldn't spend any more than a few thousand($1500 maybe?)and be prepared for many more expenses in the future - but hey it's supposed to be fun. If you do buy it, buy it to keep and not to sell it later for cash. Like you say, sometimes the best way is to just jump in head first. It can be a great learning experience - good or bad.
Good luck
Stefan
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66 Standard coupe
200 inline 6 - Pertronix ignition, Flamethrower Coil, K&N, Clifford Perf. 6 into 2 headers, Holley carb, three row radiator
96 GT Convertible
Splitfire plugs (they were free - don't laugh).
K&N, removed air silencer (more to come)
Next up: 3:73's and side exhaust
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