How bad does this look?

So you already bought it?

Yes and no. My roommate has been making payments on it. I've let him read through this and he doesn't really care since it's going to be his first car. So, since he's buying it, I'm gonna get everything working again and make it a decent driver. I've also found someone that will do all the rust repair for the cost of supplies and nothing more. He's thinking it shouldn't be much more than $1200; and it's only that because we went to high school together, otherwise it'd be a lot more.