In the words of my dad, "That car's a dog. You wouldn't be happy driving it, and I wouldn't be happy seeing you in it."
He explained a bunch of the problems with this car (he's done a ton of work on it while he owned it, and while the current owner has). It's basically not a car that's going to have nicer bones, no matter how much work I put into it...it's lead a hard life, and he didn't think I was going to be able to get it for a price that truly reflected the car's value. I have to wait longer, and save more for a nicer one.