When to make a car a parts car?

Hi everyone. I have the opportunity to buy a 68 barracuda notchback that is in need of a good amount of work and repairs to make it run and drivable for 5k. It has some rust but is overall solid because it wasn’t a soft top car. I’m on the fence about getting it for some parts I need for my car and also parting it out for others but could be a good project car for someone wanting it. I turn to everyone to see when does everyone consider a car a parts car? Is the price too high to be a parts car? Thanks everyone!
Your call. I have seen some piles resurrected. Ones that I would have parted out. It also depends on what model it is and if it has a popular drivetrain. Slant 6 and 318 cars are often sacrificed.