Well, I dont know if there's a statute of limitations on fraud. But, I would seriously look into it. The car was misrepresented. Ignorance doesnt work for the seller. It seems to me he owes you some money back. ON the 318..there were 318 Ralley cars, but not until '74 IIRC. I woiuld try to locate a '72 340. It's the best you can do in terms of investment. I wouldnt spend too much on the 318 unless you start from scratch.