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I know that the V8 450 SE/SEL/SL cars from 1975-76 are not coveted because of the location of the catalytic converter - it's under the hood, and they got real hot, could fry the wiring, cause underhood fires - that issue was fixed in 1977 when the cat was moved downstream
You should verify the location of the cat before making your offer on this car, if the car has the cat under the hood I would be inclined to pass on it for that reason alone.
To me that would be the threshold question, if it passes that test, then I would be OK with checking out the car further, having it inspected, checked for rust. For $3000 it had better be AWFUL nice, near to perfect.
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 1991 560 SEC AMG, 199k <---- 300 hp 10:1 ECE euro HV ...
1995 E 420, 170k "The Red Plum" (sold)
2015 BMW 535i xdrive awd Stage 1 DINAN, 6k, <----364 hp
1967 Mercury Cougar, 49k
2013 Jaguar XF, 20k <----340 hp Supercharged, All Wheel Drive  (sold)
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