Are you a “glass half empty” or a “glass half full” type of person? If you fall into the former category, you will look at this 1971 Oldsmobile Cutlass Convertible, recognize the rust issues, and throw it into the too-hard basket. However, if you are an optimist, you will conclude that because it is complete and runs and drives, it is a project candidate worthy of a close look. The seller has listed the Cutlass here on eBay in Independence, Missouri. Bidding sits at $1,475 in a No Reserve auction.

This Third Generation Convertible rolled off the line in 1971, ordered by its original owner in Sable Brown with a contrasting power top in White, rolling on Super Stock III wheels. It would have looked stunning in its prime, but time hasn’t been kind to it. The passenger-side rear quarter panel and the hood both sport dents, but rust could be the enemy for anyone considering a revival. It has impacted many of the lower extremities, including the quarters and lower front fenders. Climbing below reveals trunk pan issues and floor problems. The steel required to return the car to a rust-free state is available, and prices are pretty reasonable. However, the buyer faces many hours of cutting and welding to install the new components. The power top functions as it should, but the top itself has seen better days. Some trim pieces require restoration or replacement, but the glass appears to be in good condition.

Powering this Olds is a 350ci V8, with the remaining mechanical components including a three-speed automatic transmission, a 12-bolt rear end, and power assistance for the steering and the front disc brakes. The engine would have produced what appears to be a relatively modest 180hp and 275 ft/lbs of torque in its prime, although it is worth noting that Oldsmobile had begun quoting power and torque figures in net terms in 1971. The company provides a cross-reference to gross figures in its Dealer Specifications Sheet, with the figures of 260hp and 360 ft/lbs looking far more impressive. The seller states that this Cutlass runs and drives, and that the steering and brakes work as they should. However, the fact that they recommend that the winning bidder should arrive with a trailer confirms that it isn’t currently roadworthy.

This Convertible’s interior requires almost as much love as the exterior. Its Sienna Brown seatcovers are split and torn, the carpet is beyond salvation, and the door trims are wrinkled and damaged on the lower edges. The dash is missing a few items, and the factory air conditioning system is incomplete. However, the dashpad is crack-free, and that gauge features clear lenses and crisp markings. A retrim would seem the best approach, with complete kits retailing for around $2,500.

It appears that the only option for potential buyers considering returning this 1971 Oldsmobile Cutlass Convertible to its former glory will be a nut-and-bolt restoration. The steel required to address its rust issues is readily available, as is the interior trim. It has received twelve bids and plenty of listing views, suggesting that some people believe that it shows potential. Do you agree, or do you think that this classic has reached the point of no return?