Hey, just wanted to chime in as one of Jared's good friends/his mechanic. I went with him to look at these 2 cars today as well as all of the others that he has looked at. I am also 19, but with a little more mechanical experience than Jared

(have owned many motorcycles, built a few monster garageish creations, just finished a cobra replica, work in a shop at the moment). I would be the one teaching him during the course of this project, so I feel that my input into what he purchases is significant. I don't want him to get a total pile of junk and then end up spending a ton of time fixing it, I would rather see him with a 8 out of 10 car then a 1 out of 10 car.
Here is my opinion on the cars, they are in far less than stellar shape. These can in no way be "fixed" to a point where they can be driven on the street, they both need full restorations. The bodies are rough (no worse than others I have seen) and mechanically they were both questionable. I would second guess buying both for 500 dollars to restore myself. They arent rare enough cars to jump on the cheapest one you find just so that you have one.
The spica car would not run for any sustainable period of time, it kinda just spitted and sputtered. I told him to stay away from spica. I don't want to deal with mechanical FI and I don't think Jared would want to either, seems to be more trouble than it is worth.
Both cars need tops, and I would do a full interior treatment in both (seat covers, carpet, etc). They both need extensive paint and body work which I can do, but not quickly. Both need all exterior trim, it is extremely pitted. Tires, brakes, all rubber parts must be shot, fluids, exhaust etc. These cars have been in the weather for a loooong time. Both have holes in the rear quarters where the battery is located, rust around the headlight buckets and the outer rockers are rusted, so presumable they both need inner rockers too. Could not get under the cars to see frame condition for the most part. Engine on the 79 was covered in grease and oil, and was a huge turn off to me. The other 84 we had looked at a few weeks back was mechanically immaculate, but the body left alot to be desired. 500 is a fair price, but as you guys have said, for parts only. Full restoration (or even partial restoration to make them less like turds then they are now) seems redicilously expensive for the end product.
The lady who owns them says they were driven not to long ago, but judging by the shape of the tops, the shape of the tires and the overall condition, I highly doubt it.
I have told Jared 100's of times this is not the first car you want to get as a project and I am glad you guys agree! My feelings are that he should spend a little more now for a solid car and tinker with it rather than attack a complete restoration. I started my mechanical tinkering on lawnmowers and just recently (at 16-17) built a cobra replica after about 10 years of learning.
But, on that note, where is a good place to look for Alfa's with no rust? They seem to be rust magnets, and it seems to be an unstopable cancer once it starts without a complete dissassemble and tanking of the car.
Thanks for the input guys (and gals?)