So I went to GA, inspected the car and bought it. Here's a rundown of what I found:
Pros: Car has a good body and solid frame. Garaged up until two years ago. Hog troughs are good, floor and trunk pans good. Seat covers and carpets have been replaced. Engine and transmission completely rebuilt in 2005, fully documented with receipts, all parts secured from Meyers Studebaker/Avanti. Only 7000 miles driven since. Brake and other work done at same time. Zero play in rear axle, u joints. Paint job probably 30 years old, can be buffed to look nice, no serious issues found in bodywork. Drivers door closes like new, passenger door doesn't but should be adjustable. Car came with the original owners manual and also the accessory book.
Cons: All interior items except those replaced in '05 are suffering from heat and moisture damage from excessive GA humidity. Two years outside under a cover have taken their tole. Headliner, package shelf, dash cover and assorted vinyl pieces need replacing. Bezels of gauges slightly rusted. Door panels can be sorted out. A/C will need lots of attention. Tires are 15 years old. Even though engine had a full rebuild, the moisture caused an electrical glitch and no power was going anywhere from the fresh battery I put it. Turn key and no gauge movement, no ignition, no start. I was able to slowly turn the engine using a remote start switch. Will need a full brake job including booster, but due to the work done in 05 many parts will be reusable.
I can go two directions on this car:
I can get the car mechanically reliable and cosmetically acceptable for a few months labor and a few thousand dollars and drive as is with a total investment (including car) of about 15K
I can have the car stripped and painted, replace the headliner, dash pad , gauges and package shelf, refurbish the steering wheel, fix the A/C and electrical issues, rebuild the brakes, replace air cleaner cover and valve covers, new tires, etc. and have a car that would present well at a national event with total investment (including car) of about 25K. This is only because I have a body/paint guy who does great work and is very reasonable (hard to find these days). I would do all mechanical and interior work.
Which direction would you go?
( I posted the above on a FB group and got a lot of responses saying find another car. Maybe they think I paid more for the car than I did? Maybe they think humidity automatically means rust bucket? Anyway, I respectfully disagree)