Welll, from my perspective, the underside needs to be 'restored/preserved'.. since so many body panels have damage, and some need replacement (under rear window) you'[re going to do a total repaint. I'm sure the mechanicals need to be rebuilt, so that leaves only a question of the upholstery, which I didn't see enough of.. It's *mostly a 'restoration'*, and if you go ahead and restore/preserve as each part requires, you'll probably be happier in the long run if it's all restored!