There is no black and white answer. It will always be a judgement call. What may be totaled to one person could be a weekend repair for someone else.
Some basic concepts in regards to these cars need to be stated. First and foremost, the "newest" car will now be 25 years old. Unless it is in pristine condition, it probably needs paint, interior, driveline rebuilding, and suspension work. A running car picked up for cheap can easily "need" ten thousand dollars (or more) and hundreds of hours of labor to be brought to a condition that is desirable. If the car needs thousands of dollars and the owner doesn't have the money, that by itself does not qualify as unsalvageable in the opinion of FEP and this site is not obligated to aid someone out of their own financial quagmire. Cars are an expensive hobby.
Second, the market for these cars is such that investing in them means losing money. These are not Hemi 'Cudas or Ferrari GTOs. These cars are a hobby, not a savings account. An owner can spend $15K restoring an SVO and only be able to sell it for $6K. Money poured into these cars has to be spent with love for the car and enthusiasm for the hobby, not with the hope of recouping the investment when it's time to sell. If it's too expensive, maybe it's time to consider a different hobby. Becoming disheartened or disenchanted with a project does not mean the car has to be parted out.
Third, in contrast to the two statements above, we do not expect to save every car. The vast majority of us are not expert body techs with access to frame machines and paint booths. Some rust is fixable, some is fatal. Some cars can be straightened, some are never going to drive right again. We do not expect someone to replace every piece of metal just to keep the car on the road. For instance, there are folks who can re-skin a roof but such skill is well beyond the average owner. We make a judgement call on what we think is a reasonable amount of repair to keep a car going. We will never make everyone happy when such decisions are made. Examples of this are already appearing in this thread.
Fourth, we are ultimately trying to not empower a market for someone who snaps up cheap running cars off craigslist and then parts the cars here. Every so often, we get someone who registers here and then plays terrorist: "If you don't let me part this car on your site, I'll ______!!!" Our intent is to preserve the cars, not thin the herd.
Unrestricted, we'll have classifieds filled with prime parts for sale at the cost of fewer cars on the road. Every moonlighting dude with a socket set will be scouring craigslist for choice cars to dismantle.
This is all a gray area. If the car is to be parted on FEP, FEP gets to make the decision.
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