It has no major rust issues, though there are some rust spots here and there. It's the original engine and the original paint job. Before us it was owned by a vintage auto restorer who maintained it meticulously and rarely drove it. I should mention though that the mileage is based on an estimate given it's history. The odometer hasn't worked for years. We have replaced the fuel pump and the clutch. We have also added an MP3 audio compatibility but kept the original stereo face. We have wooden floorboards and also have a new cover for it. Please feel free to ask any more questions.