Cost of a classic

I'M LOOKING at a HK Monaro with a 307 cubic inch V8 and Powerglide auto. It has a lot of rust in the floor and sills. How much do you think it should be worth?

The HK Monaro is one of the great classics, so it's worth quite a bit. It sounds as though it needs a full restoration, which could be expensive, but I think it could be worth between $40,000 and $60,000 in its current state.

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