Survivor car

The paint question depends on your end goal for you. Are you going to sell it? If so I would go through the engine and, make the engine pretty. I would repaint the engine compartment while its out get it road worthy...brakes...new tires on the original wheels and move it on down the road.

If you plan on keeping the car then I would do the above and drive it for a year or so. The problem is if you dont get on that rust soon its just going to get worse. It looks like the rust would be super easy fixes right now but, it won't be so easy in a couple years.

That's my 2 cents...SAWEET FIND!!!