Topic: a barn find...but is it worth it?

[mysd455]

While driving to visit family today I saw what I'm pretty sure ( didn't check the vin) is a 1992 Trans Am Convertible a/t in need of paint, tires and general help with 120k miles. It was repainted hence no Trans Am name on it, but it had the T/A rims, camel inside with the camel soft top and T/A front end anyway the woman said she would take $1500. It did run nice . I know a lot about  early 70's cars but nothing about these years. I thought maybe someone could share there thoughts on this year. Thanks

[eroc022]

Not with it in my opinion, 120k miles is saying the engine might need a rebuild soon, paint is at least 7k for a good job, not to mention possible rust and more..... If you want it id offer 500$ just above the scrap rate.....

[mysd455]

Thank for your thoughts sometimes walking away is the best deal of all