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While there are risks with any purchase, and a few red flags, I'd say you got yourself a great deal!
You'll likely put a few thousand into it to get it up to snuff and still have yourself a below-market car. Of course, like any of our cars, there will be recurring costs to keep her purring. This was once a $40k car and even though you got it for a song, the parts cost are still exorbitant in many instances. I'd say all of us here consider it worth it to drive these wonderful, wonderful cars.
Not a bad present to find under your tree. And welcome to the board!
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