89 corolla

I have a guy at work who has 89 corolla. It does run. Ive seen it run. He is asking 300. Would I be able to make money off scrapping it? I'm thinking about trying to sell it first on craigslist. And also probaly gonna offer 250. Also he says it will need a starter and ignition soon. What do you guys think? Id really like to get it I may even keep it for a while.

weighs about 2200 at 7 per hundred where I am thats $154 there is a little more to be made from the cat. and al. but if I was buying for scrap I'd off maybe 100 bucks, if you can part it out you can make a lot more but if you get it someone on CL would probably give 500 for there first car no guarantees