Originally Posted by jmug45
I now have it and it has brand new brakes and rear air shocks, but the shocks do not inflate due to bad hoses and a disconnected motor. The pressure hoses to the power steering are leaking badly. The A/C does not work (will not hold a charge). If I put washer fluid in the reservoir, it empties out onto the road if the wipers are engaged. There is a considerable amount of rust on the underside of the car. It seems as if anything that has to do with a rubber hose or some sort of tubing is failing. The front struts should be replaced (they are originals). There is a small oil leak as well. Electrically, the car seems fine and the body is in decent shape.
Honestly, it all depends on your love of the car, and more importantly, your budget. The scrap man won't care if you fix a few of the smaller issues, but it'll get you more money on the resale marketů or maybe a better place in your heart.
Should you plan to fix this car, a set of ramps will get you under the car for fairly cheap (<$40), and maybe find that oil leak. (They're also indispensable if you plan on changing your own fluids at any point in your life.)
As for rust, it'* not a huge concern in my book, unless you're seeing daylight through rusty spots, or you have it around key suspension components (wheel wells, strut towers, control arms, engine mounts, etc.).