Should I buy this cheap, rusty '94 Fleetwood?
Guy wants $2,250, I already talked him down from $4k, please read.
'94 Fleetwood, it ran and drove great. 135k miles, 2 owners, giant folder of paperwork, only thing that didn't work was the CD player. Comfiest car I've ever sat in. What surprised me most was how nimble it was for such a big and floaty car. The turning radius was pretty small and it braked better than my Chevy Cruze.
Unfortunately, the frame is shot. The only fully rotted spot is the pictured one, just below the driver's door. The rest of the frame is still solid, but coated in pitting and scale and some spots on the rear frame rail and the center support are delaminating on the edges. I could cut away and weld a patch on the rotten spot but there isn't too much to weld to, and the rest of the frame isn't too far behind, so I might not bother. The inner fender liners on the driver side are swiss cheese too. Floor pans are crusty but probably fine. It's far from the worst rust I've seen though.
I really just want a big comfy cruiser for the next year or so, and I don't plan to put any money into it. While the frame is well beyond saving, I don't really give a shit because it isn't really structurally compromised yet, and it won't be for a couple years.
My question is, how much money would I make back selling it in a year or two as a running parts car? Every nicer example in my area is $7k-$15k.