First post - looking for a bit of advice.
I found a local small dealer who is selling a modified 2002 WRX with over 175,000 miles and a salvage title. The dealer claims the salvage title is due to hail damage, which is evident on the body of a car. I understand that it's possible to total out a car, especially if the value of the repair exceeds the (probably lowest) value. And I assume a decent paint shop would probably charge in the realm of this cars non-salvage value. The dealer claims he's had it looked at and it needs an O2 sensor (he said it runs rich and smokes at start up) but has no knocks/bangs from the engine. I will be driving it this Saturday.
So, given the high mileage, salvage title, and the most-likely abused engine, would you guys pay less than $3000 for it? Is it worth it if I plan to drop another $3000 into it? I'm not afraid of an engine swap, and it's purely a project car.
(also I used to have a 2010 WRX that I traded for a family car Worst decision EVER)