Should I?

I have a friend who used to be an avid cyclist in the 80s and early 90s.  His old carbon fiber 7-speed Univega sits in his garage collecting dust now, so he's offering to sell it to me as a fixer-upper project. 

The chain and cassette are rusted to hell, and the rear derailleur might be salvageable with some steal wool scrubbing. 

He's asking $300.  I might offer $200. 

The paint on the fork is chipping pretty badly and the wheels are pretty rusty too, but it does have a certain charm to it. 

the damage

Finally picked up the bike that was involved in the collision a few weeks ago.

I wanted to post about this after the ride that day, but obviously the course of events changed.

Here's what happened:  I had found a really sweet CAAD9 frame at my local bike shop and wanted them to build it up with SRAM Force.  I put my practically brand-new wheels (Reynolds DV3K) on it, and took it on the team ride that Thursday. 

Three hours later, the bike was totaled.  Here are some pictures.

i'm back.