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Need advice on old car

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Tomorrow, I will be buying a 1978 Ford Mustang. The the hatchback model. Does/has anyone here ever worked on any older cars? Doesn't have to be ford specific, I'm just looking for some advice. I know that I will never see a profit out of it, but I'm restoring it because I think that it's a beautiful car. I'm buying it for $200 and it does run. There is a transmittion and powersteering leak. Tomorrow I'll even post a picture of it.

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