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That depends on where you live. The main thing I look for in a 240 is that its accident free, rust free and has original paint in good condition. Those are the main things that are impossible to fix properly at any cost. To me a rust free 240 for 1000 bucks would be an ok deal even if it had a blown engine.
Where I live cars rust out so everything else including engines and interiors are cheap. I got a rust free 245 from Florida with a trashed interior. I swapped in a gearbox and a complete interior from a rusted out car I got for 25 bucks. The car looks and works great now.
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