1,) A paint gob does not singly justify restored.
2.) Be careful to check the VIN number on one of the many internet sites that offer (decode this) or (VIN Decode) in the search engine. There is a lot of mis-representation going on. NO VIN, be very careful.
3.) Modifications are OK, but when the valuable or rare trim or acessories are missing, the price may not be such a bargain. Finding the elusive trim can be a costly nightmare.
4.) It will cost a minimum of $25,000 to RESTORE a car, That means the top, BOTTOM, TRIM polishing, interior and glass. Not done ? Not Restored. ! All too many "Drivers" are being touted as restored. In many cases, the frame or engine compartment is road fresh with debris.
5,) Use NADA as a guide for what you want to pay. Real world is about 75% of that amount, but as a guide, it helps. Never pay more than low retail for a unrestored car. If it has rust or sat outside, pay 50% or less. The big money is in body work, rust, parts chasing and trim pieces. NOT THERE, consider the price. You can get in too deep, real fast.
6.) Too many parts cars are being sold are "Restore Me".... Folks, there is nothing to restore when all the tough expensive pieces are missing or rusted away. I saw one car that was worth only it's weight in scrap steel; being offered for $5500..00 .. Come on now !
7.) If you can, buy a car that is already well on it's way to being done, not on its way to the sand blasters. Their loss will be your gain. Make sure there is no reust underneith, no fiberglass floorboards, no bondo filled fenders. ASK FIRST.
8.) it is way cheaper to get a car that is already done. You save big bucks not having to do the work. If you can afford it, buy it that way,