Rick one word - rust. You can fix mechanicals and interiors reasonably but if you have sour frame rails, quarters, fenders etc. the car will be a money pit.
That said - it's better to get a V-8 car because prices drop 15 - 20% if it has a six. I have a '66 ragtop with a six and despite thinking it's a great powerteam I don't probably won't get near what a 289 will.
Just my .02
Bill Krieger
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