Thanks for the well wishes and advice. The only spot of rust I found was under the battery tray - all surface rust. When I get the car back from Exclusive, I am going to pull the battery again, treat the rust then POR 15 it so it doesn't get worse. The underside of the car is still in amazing shape and still has some of the factory paint on the suspension components. It is not all rusted under there. I have a feeling this was garage kept up until the last few years.

As for the seats being ratty, its still a 27 year old car. If no one ever treated the leather, they will get cracks. I am going to condition them when I get the car back and see how much they come back. I don't think they are that bad in comparison to most of the cars I've seen out there. No rips or tears and they are only showing some wear on the edges. Eventually I will recover them but for now they will do.

vstech - I paid more then scrap price for it but still a good price where there is still some up side when I decide to sell it. I sent it to a specialist to get it reliable and will be spending good money on a quality paint job so my initial price paid will be nothing in comparison to the total invested. For me its all about taking a car on the verge of certain death and breathing new life into it. The satisfaction of knowing this car was going to be junked just because they just had too many cars sitting behind their shop and I had rescued it gives me that warm fuzzy feeling inside. This w123 deserves a new lease on life and I am the person to give it.