Can we see, or at least get details on the candidates?
The '83? Pulsar is owned by a co-worker. It's in decent shape except for the high mileage and age. The struts are dead and the engine has a severe shortage of tire-burning capability. The owner had the head reworked last year, and was standing firm at $500. I don't think she wanted to get rid of it, but her dad (also a co-worker) was pressuring her to sell it.
The '84 XJ6 was for sale on Craigslist (http://oklahomacity.craigslist.org/cto/1477841866.html), and we went and looked at it. The body is straight, albeit suede gray. The battery was dead, so I temporarily swapped in one of mine and we started it. It immediately started peeing fuel, so we went ahead and drove it around the block. Twice. As soon as I started pulling forward the driver's door flopped open. You have to be careful to push the door handle back in or the latch stays open. I got to the end of the street and realized the power steering was out. No power steering on a 3800 lb car in an endurance race? Yeah, I'm going to have to rebuild the pump or stuff a GM pump in there. Then we hit some bumps and heard the ball joints clunking.
"I really think we ought to go with the Pulsar."
"Dude, this car is sweeeet! It's such a beast!"
The EGR system is plugged with a bolt. The valve covers are leaking. I think the crank seal is leaking.
On the plus side the tranny fluid was in good shape and the tranny shifted fine. The shocks are in good shape, even though the body roll is excessive.
Then we negotiated price.
I explained "We're going to compete in a race, and the rules state the car must cost less than $500."
She responds "Make me an offer."
Lewis interjects "We don't want to offend you."
"I'm a bartender, you can't offend me."
So I say "How about $300?"
"Umm... that's too low. How about $350." she replies.
"How about $325?" asks Lewis.
"Get it out of here!"
Whew! We have a little wiggle room. I think the first thing we're going to do is remove the hood hinges and latches and install hood pins (i.e. cross-drilled bolts, washers, and safety pins. The stock Jag hood only opens enough to check the oil and spot massive fuel leaks.