I'd just clean it up, fix the bad and just make a cruiser out of it. Paint, chrome under the hood and just hang out and be cool ..
Agreed, since there isn't a lot of resale value it really comes down to how much money you want to sink into it.
Slam it. Two tone almond and black. I like how the Mini cooper paint schemes are very similar to what you could do with a falcon or similar wagon. Just saw a beautiful almond with a black top that I am seriously considering as a paint scheme on my 52 Ford.
Low Buget; it is a Florida Swamp buggy.There are some around here that boys sink sick money into them,i have seen some with ten seats,chrome ****,blowers, $30,000 into them.Not my cup of tea.
I have had many wagons over the years and to tell the truth I liked them the best ! You can do so much with them as a kustom and can be really fast too ! Don't see many Falcon wagons around much anymore . Keep us up on what is going on with the wagon ! RetroJim