Thanks, for all the comments, I'm going back on saturday, with a friend who has a critical .eye to go over it again. Tim what are the rust areas of concern? I don' want to miss anything. Also going to inventory all the parts. The wayfarer is 15 miles from my house so getting it home is no big deal. I figure I'm saving 1,500 dollars if I had to travel any distance to inspect and then transport.
As a little background, I have owned a 55 chevy project for about 12 years, but with buying homes and three college educations it has always been put on the back burner. Even if I dropped everything and just worked on the chevy, it would be a good 3 years before it was on the road and I would be spending close to 5k just on sheet metal where as I could be cruising in the wayfarer this summer and work on it as I go.
Thanks for all the comments and input. I will let you know how I make out Saturday.
Mike