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If it was a V8 in this condition it would be $5000 more dollars. This is a perfect candidate for a Cobra engine swap. It runs and drives flawlessly as it is but an extra 100 h.p. would be cool!
A supercharger off a Thunderchicken would wake this thing up. No need for a V8 swap. SC, exhaust, gears and a tune and you have a bad ass light car. G/L on it man.