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I guess, according to NADA Classic Car Guide the price is about right (without factory OD and Hardtop) so there's room to knock him down to $4k I would say.
Think I would go have a serious discussion with him concerning rust and such and do as Tony does. Put a price and a phone number on a card and leave it with him. And I should think 4K is high. From time to time I see realy nice examples for under 6K on ebay and around.
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