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$1600 for a rusty K-car with a blown engine?! Uhhhh... I'd pass on that one.
3 years ago I bought an 88 Thunderbird Turbo Coupe with 74k miles, excellent in & out, no rust, drivetrain in perfect shape (just needed a tuneup and a few sensors) for $1200. I still have it now, running great at 105k. Keep shopping around, you can do a lot better than that pile.
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