76flz, I think you're getting some good advice here. I got the same advice when I bought a 6 cyl '68 Mustang and a partially rebuilt 302 from a friend. My mechanic informed me the 302 was junk and not worth finishing. The body was OK but had a LONG way to go. The advice I got was to find a very nice Mustang that someone had already dumped a lot of money into and was selling below their cost. I sold the '68 for what I had in it, and I found a 289 '66 (more desireable year) with matching numbers that was being unloved. I picked up the '66 about $2000 below appraisal. I added AC and PB, but didn't have to do much else. I kept it, enjoyed it, and eventually sold it for about $3000 over my costs, which made it a better investment than any of my "responsible" investments of late (in stocks and real estate). That said, I did make one mistake. The car was too perfect and required so little work that I never really "bonded" with it. My '78 Z (successor to my Mustang) is not as perfect and needs *some* TLC. However, it's basically a very nice car. Its strength is its body, which is a great match for me, since my weakness is body work. Its weakness is its mechanical and electrical components, which is where my strength lies. Therefore I'll keep plugging away happily at the mechanicals and electricals, bonding with the machine. In the end, I'll probably put in more time and money than the car will be worth, but it will be a car I will enjoy far more than the mustang. So maybe the third time is the charm -- "just right," as it were.