It possibly isn't as bad as it looks. But still, most if not all, of the bodywork will need replaced, and there is the danger that there might be hidden damage there. By that I mean that although the chassis and internal parts might be Ok now, theres the risk that they may be weakened.
I don't know how much it would cost to get it on the road again, but I would reckon it would take you into the price region where you would have to question whether the saving you're making on buying a normal second hand one is worth it or not.
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