Not a bad price if all parts are there and there is very little rust. If you have to put in a bunch of patch panels( the repo panels are of questionable quality) and a lot of body work it could get real expensive. Make sure it has the door garnish mouldings(very hard to find), all the window regulators, the top motor and cylinders, and all the top latch brackets, bows, etc. There's also some special brackets on the frame that supports the cowl that are unique to a convertible. Fenders, hood and other sheetmental will interchange with a closed car. Do you homework and if it has all the right parts go for it.