like the other guys said.... you only live once, live it how you want, paying what you want to get what you want.... yeah, there may be other cars out there in better condition for less money... but this one seems to just be screaming you name from what you've said... hell, maybe it's begging you to save it from *Robosaurus... if you want this car... buy it, whether it's financially worth it or not. My dad and uncle BOTH told me $1200 was WAY too much for my cutlass... my dad said it was worth only $300 because it didn't have a motor, and the "rebuilt" transmission that came with it was a TH350 that had been sitting out in the rain for a month. (the car is an 86 that came with a 307... which doesn't use a TH350....)
But my dad had bought his 87 brand new in 88, (i was born in 91) and i grew up in that car, and i think about it every day... we drove everywhere in it, as a family, we put 276,000 on the origional 307 with out any work outside of an intake gasket and a new carb. (the carb was good, but the mechanics who were suppossed to be doing an oil change decided to **** with it.... it was a california model so it had high altitude jets in it, but the stupid *ss mechanics had no idea that's what they were, so they thought they were extra holes and filled them with epoxy....) i loved/love that car to death and i miss it very much... so when my sister found my current one, i had jumped on it with out thinking twice.
i had a friend with an 87 cadillac brougham with a 307 in it, so i bought his engine and transmission for $500 on top of the price of the car...
if you really want this car, buy it!!! happiness comes before anything..