I think it's a perfect candidate for a driver. With just some elbow grease and TLC, it looks like it would shine and be a fun vintage driver that you wouldn't have to worry about.
David, that sentence just doesn't rhyme with my experience of vintage F's. These cars are a nightmare unless they are in very good mechanical condition. Because it takes a lot of money and lots of experience to keep them running well, I have never seen a "fun vintage driver that you wouldn't have to worry about". All I have seen is dogs or beauties. They are probably out there, but will be very, very rare. In almost all cases, buying a "driver" actually means buying a "stander".
For me, there are only two routes when you buy a vintage F: you buy to restore, or you buy to have the least amount of work needed.
If you buy a vintage F, be prepared to spend money even if you buy the best you can find. My "perfect" 330GTC still required some $35k over the past 3 years of my ownership to get it right, and that is without any cosmetic spending. Upside: she has not needed any expense in the past 4k miles and seems to have settled down very nicely now.
Of course, YMMV, but I have yet to meet a vintage F owner that contradicts my experience.
Having said all that, they are very very rewarding once you have them right. Mine starts every time without grumping, and runs like a dream.
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