Expensive cars often hit the rebuild limit on a minor repair, I has a Merc SL 500 and a wing dent cost so much it counted as a rebuild.
My concern though would be the combination of Private sale and dealer plate, he's a curber, buying cars and patching them up and selling them on, if the car is really cheap and you accept you will have to spend a chunk of change on it probably quickly and it will have no resale value then go ahead.
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