I am in the process of selecting and buying a 1964 convertible. One of the cars I am looking at (Eldorado) has recently replaced the two front floor pans. The inside of the trunk has some surface rust, but it appears solid underneath. The owner said the floor rust that caused the floor pans to be replaced appears to be from a leak in the trunk. When the car was up on a lift, he pointed out that the original undercoating is still present in all the other areas.
My questions are: Does his explanation seem reasonable? How do I check (or pay to have someone check) for rust?
The current exterior is red, and the original was silver. How does one check to make sure there was no rust under the new paint?
Interior needs work (carpet, seats recovered, door panels redone).
Do I just walk away?
Thanks!