I don't see how a fella could go wrong on this one. Put very little money in it, drive it until it's worth $3000 then decide.
Agreed, I would drive the wheels off, then probably break the left-handed threaded studs, have to replace those, drive it some more. I mean come on, it's a Slant Six. As long as the gas tank stays wet and the driver's seat doesn't fall through the floor, it'll keep going! Now if only I could find this sort of rusted out but still running ok deal on a 1965 Bel Air 9P wagon or a 1967 Ford Country Sedan or a 1967 Catalina wagon...