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Last I saw the 600's distributor cap was cheaper than the M112 distributor cap, but what Ron said is right. These cars require very deep pockets. Once you survive an engine repair, there are the many, many things for the cosmetics to worry about.
If you want a car to fix because it's fun and maybe even practical. This one isn't it. On the other hand if your friend has a strong sentimental attachment to the car or you really, really like a hard challenge, then maybe you've got a starting point.
-CTH
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