Russ,
I know right now you are bummed that you missed out on a car you've always wanted at a great price. But consider that this was a 37 year old gulf coast car. If it didn't already have rust, it will in short order after it's soaking. In missing out on this car, you may have avoided a money pit.
....and you may want to stay away from any used cars in that area for the next year or so. Unscrupulous dealers will be selling cars that have been flooded.
My suggestion to you is to sock away some cash, or arrange a signature line of credit and take a week off in California, New Mexico or Arizona. You'd be far better served buying a car from dry ground.
Search Craigslist in various cities. There are a lot of cars out there.
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