Thanks so much for the answers, they are reassuring, just what I needed!
As far as the car is concerned: It's a California car, no rust, Le mans Blue with white top.
The engine has been rebuild, everything is nice and it drives tight. I will be paying 25.000 dollar.
It has power steering and power brakes, trimcode 717
No pictures to post at the moment, but I see what I can do with free hosting somewhere.
Thanks again!