Is a "fair" '71 Suburban worth $300.00?

[Terry Peerson]

My next-door neighbor has had a 1971 Suburban for sale since last summer. He has had no luck. His price has dropped to the point that he's asking $ 500.00 OBO. I think that if I offered him $ 300.00, he would jump on it.

It is 2wd and moderately rusty along the bottom (surprise, surprise)
But the interior is relatively nice and he says it runs-kinda.

I was thinking that it might make a decent driver for not much money. And I could park my '72 Cheyenne during bad weather.

Also, is there anything special that I should look for? ( I don't know much about the old Burbs) I don't want to just buy something that I have to haul off for junk.

Thanks,

Terry