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Most of these old cars are loved on the outside, and ignored on the underside. I just accept that when I buy something this old, that unless it underwent a total restoration, there is going to be much work to do underneath the flashy exterior...
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I'd heard from multiple sources to expect to pay about 10% of the car's value in backlogged maintenance after purchase. That I had begrudgingly accounted for. I certainly hadn't accounted for nearly 90% of the car's value.