Rust is the killer. You should be able to buy a rust free California car for less than that, but that would need everything else. I paid $1400 for an absolutely rust free straight '65, 289-2V that is mechanically sound. It needs paint and an interior. I spent money for all new brakes etc. and to pull the heads to inspect the engine. Hope this info helps. Fixing body cancer is an expensive deal. By the way if it is a stick with the original transmission, it is prone to tranny problems. The C-4 is a much better combination in that year. Good Luck.