For Sale Want to see the rust on a $5500 330k mile '03 LX?

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Saw this in the local flyer and had to check it out. Carfax has almost all the miles in MN which are some of the saltiest roads in the country. Moorhead Auto Center is the dealer. Click for link to unit (color is amazing). Smaller operation that flips cheap auction cars. The body and interior are in amazing shape. Zero bubbles in the paint and very minor dents and scratches. The bottom is another story. Looks like some parts were replaced but the bolt holes were rusted out. The plate over the gas tank is a good indicator of what all plates probably looked like. Honestly, the frame wasn't nearly as bad as I thought it would be. Suspension and drive train looked fairly solid too (except for the leak on the back diff). I didn't drive it or talk to anyone about timing belts, water pumps, etc... But IF this thing was sorted out mechanically with a good engine and drivetrain, it could be a decent ride. It's likely not though and there is a good reason it has been sitting at $5500 for 10 months.
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Well at least it doesn’t look like a drop of rust on the plastic skid plate;)
 

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