But seriously, MoparMatt, go for it. See what the guy will take for an offer. I know it's a Challenger I'm talking about and not a Barracuda, but I got my '72 Challenger Rallye 340 in 2003 in decent shape for $4K. It's definately a driver and not a show car but I feel I got a good deal on it.
Offer him what you got. He might be willing to help out a fellow Mopar enthusiast and drop his price. You never know....