86 GT in running condition for $250?

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Ok, here is the scoop. My dad came across this 86 GT today. I really do not like the 86 mustangs,because of the front ends, and the four eyed lights. Also I do not like the interior. He was talking to the guy, and he got him down to $250! My dad says the car runs fine, and it looks decent. What do you guys think? Buy it as a project car or leave it? I think this guy just dosen't know what the car is worth!

I am currently shopping for an 87-93 5.0 mustang, and think it would be really neat for me to have a mustang, and my dad to have one to, as he happens to like the 86 mustangs.

I also forgot to mention that this car has t-tops on it, which, if I am correct make the car even more rare? Let me know what you guys think.