With cars this old, the aforementioned areas to 'check' will certainly have rot, and damages. However, this should not preclude a purchase as most of this stuff is made these days new! The real question is, and should be can you/are you able to do the work yourself, and, or do you have a shop that can/will actually do this work? And, how much will the car be worth to YOU after all is said -- and done!???? Often, 'Priceless' means you should do it, go for it! After all, I would say 9 out of 10 of our cars' are not 'worth it' in investment terms; meaning are you going to increase your investment?