[olddog]

You have been warned on what a disaster this company was. It is my opinion you could easily buy a nice completed FFR or other Cobra for less than you will spend on this one, by the time you finish it. That doesn't count all the frustrating hours of your time you will spend on this car. I have no doubt you are looking at spending $50K in your labor alone. You may not think your time matters, but trust me when the end grows near you will value your time much differently.

If you still insist going down this path.....

Add up the value of the parts for the car and offer that. The car is worth nothing. Don't be afraid to hurt the present owners feelings. He should be glad someone looked at it and ashamed he asked so much.