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It's an old car that looks cool. Some people buy them just to have them in the garage, and never actually drive them. If you're looking for a daily driver, read through the many threads on this site to see what's involved in keeping them running. Looks like you should plan on having two cars for a while. Ideally, the other will be a truck so that you can haul parts, like engines and transmission. And expect to spend some money. Nickels and dimes will add up quickly. If it didn't need time and money he probably wouldn't be selling it. Lastly - do you like your neighbor now? Because you're going to find all of the "previous owner" stuff he did. Or he might be hanging out all the time pining over his old car.