If the owner had most of the original parts and had the original complete engine and trans,that car would be worth restoring as long as the frame isnt rusted too bad.If you combined that car's remains with a rust free arizona base model even a 4 door from Ebay you could get a long way into the resto.The repop parts are there too.
If I were doing something like that,I might be inclined to fix the structural and floor rust,then hang as much sheetmetal on it as possible and blow it with a light paint job just to clean it up,add a V top on it and try to rehab the trim as much as possible and use it for a while as a ratty survivor type car.You could spend a fortune in repop trim parts and soft items after that car was made solid again.I might be inclined to get it back into a survivor state and then pass it off to a guy who really wanted to put the effort into a bolt and nut resto.
The fact is that as bad as that car looks,that car is actually better to start with thn some of the shiny bondo buckets I have seen at cruise nights.At least you know what you have to do with that car.Noting is worse then having to pay for the shine on a car only to know you are going to rip it all off anyway just to redo it right.With a car like that the situation can only get better as you go.
BTW,that chevelle is my all time favorite chevelle combo.I am a Camaro man,but my all time must have chevelle would be a blue with black Vtop 68 with a bigblock and a stick.I live in Jersey,so if that car ever comes up for sale and you dont want it Email me at
[email protected] want to do a resto project someday instead of all the race stuff I do.I want to do a 70 SS396 camaro,but that Chevelle is actually very much to my liking too.