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Flood damage is a very insiduous thing. Some friends of mine had a Jaguar XK8 that got flood damaged in a long term airport car park whilst they were on holiday. They actually drove it home after it was jump started and all that was obviously wrong were the electric seats. The insurance company took one look at it and wrote it off.
I recently did a lot of work on a Volvo P1800 that was flood damaged about 10 years ago. It still had silt in all sorts of weird places. The front suspension pivot bolts took an air hacksaw and an oxy acetylene torch to remove them. This despite the car being disassembled and restored in the intervening time.
I don't know too much about values where you are, I'm in the UK. But it sounds expensive to me. The bits that have been replaced are relatively cheap. If you want a salvaged car investigate buying one at rock bottom price as salvage, then fix it.
My personal principle is this; When looking at a car I never ever try to convince myself to buy something. Instead ask the question are there good reasons not to buy it? If the answer is yes walk away. I'll walk even if it is a gut feeling. Most car buyers just want to spend the cash, the price difference between the average and the very best tends not to be that great. There are any number of cars for sale, you only have the money to spend once. Of course you have to be realistic, my current '86 740 wagon is accident damaged, and was bought like it. The purchase price however more than reflected the damage. I won't bother to repair it it can stay as it is. The point is though I bought it from a main dealer as an unwanted trade in. Full main dealer history, 4 new tyres, new exhaust, new battery, and a dirty great dent in 2 doors, though they still open and shut perfectly OK. That'll be 300 Dollars please sir.
Regards
Pete
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