Thanks Fbody69, that seems to be the logical choice. Looking at a popular parts catalog I can estimate ~$1.5k in panels and most likely another ~$3-4k in body work/paint. If I was going to do it right it would be two new fenders, two new quarters and two new door skins (but a half-a$$ job could be done with three or four patches). The customer who's paying upwards of $10k for a car is going to be very discriminating (at least I would) whereas if I just sell it as is it's out in the open what the car's faults are and with the price being lower it'll appeal to more people.

The red car, if sold rusty, would be a 400 cid with TH400 trans and stock 10bolt rear. The motor and trans are very strong. The interior has new headliner, new windshield and all parts are present. The suspension was re-done with all new poly bushings, springs and shocks and the leaf springs were modified with an additional leaf. The car is complete and nothing is missing it has no dents and with a fresh coat of paint it would be very nice.

Without seeing pictures what would be a reasonable asking price?