Lots of good advice already given. Especially like the comment
about the 'other' car being the crumple zone! Very true.

If you want one, go for it. I've had a '64 Lincoln for about 15 years
and its been an awesome car. Riceboxes get out of its way when they see
it in their rear view mirror.

With any older car, expect to have to do a fair amount of work. Part wear
out and it doesn't matter if its a VW or Mercedes. If you pay someone
else to fix it, expect to pay a lot. You'll be far better off if you learn
how
to pull your own wrenches. Also, buy the best car you can afford.

Steve