If this was a hardtop, I'd buy it for a race car project. A few reasons. Who can argue with racing a car that color of ugly (it will stand out, perfect for sponsors). And, I'd sell the wheels and stereo to pay for the car. Buy it, strip it, sell the leftovers, pay $350 for the car after selling the "rest" of it.
Here it is for your viewing pleasure. (This car was sitting by my house in a plaza with a sign in it this summer, I know I've seen this one in person).
http://www.autotrader.com/fyc/vdp.jsp?car_...olor=&cardist=3