As you can see everyone is entitled to their own opinion. I think it's worth saving & flipping. I'm sure you can get a pretty penny. I'd do a quick swap to T-Bird springs & lift that poor Mark & go from there. You can tell it's resting on the damn body kit.
SO, since everyone has their own opinion... Here are a couple questions you have to ask yourself:
#1. Why do I want the car?
#2. How much do I have to spend?
#3. Do I want to keep it?
#4. Is the curent owner willing to drop that price substantially? (Car is worth $900-$1,000) due to current state.
$1,000 paint job + $1,000 transmission + $450 springs & you are already looking at the current value of the car.
Now, reality? Get a used tranny for $300, Get used junk yard springs for $100 & a cheap paint job for $700 & you can flip the car but that's not what you want the seller to know!