I'm not up on the prices of the older stuff, but it does seem that someone did stick some money into it. Bodywork and paint are NOT cheap. Does he have any paperwork for the work that was done, any log pictures of the bodywork? In the end it's your call, but if it was professionally done, and you like the car, I think $5000 would be a lowball offer that would be laughed at. BUT, you never know. Spend the time to go look at it and be respectful and you'd be surprised how much people will come down. He said he can't take it with him so ………… Good luck
306 with all bolt ons, yada yada yada, letter cam, ported E7's, T5 swap, full exhaust, 3:55's, 2" drop, and the worst paint you'll ever see or feel.
Dyno'd 300/316, 2745lbs-track scale
Best ET………12.4@108, 1.66 60ft on 8" ET Drags.