Thanks for all the amazing replies! Wish I came here sooner. Since I got some private messages asking for the car listing, here it is:
I'm open to hear your thoughts. If you think I should pass on this car, I will, as I'm not much of a car guy, and don't want to get screwed! I'll eat the $150 spent on the PPI I'm getting done tomorrow morning.
It's currently registered in AZ, but the dealer said he can register it here in CA as a 1965 VW.