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Ditch it
If I read the post correctly, you are $600 into it. Scrap it for $150 and you are then only $450 in the hole. If you are willing to dump $3000 into it then I am sure you can pick up a reasonable shape driveable W123 for the same money. There are just too much uncertainty and unknowns for now. What you see is the tip of the iceberg. I am sure you have made up your mind either ways but you just want affirmation from this forum to back up your decision. Good luck.
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