I asked how much he was expecting to get and he quickly told me to make an offer. My friend, who will be assisting me with this project, said I should have offered him 300$ (junkyard value), but the old man was simply too honest with me. It would have felt inappropriate to lowball someone as genuine as him so I offered 500$. He thought about it for 15 seconds and agreed. We both knew the tires alone were worth 500$, but I presume money isn't a priority for him. He seemed glad that the car could be back on the road instead of rotting away.
The end of the hood will need to be repaired since the car didn't have a deflector and rust has started to settle in, but other than that, the car is in pristine condition. Even the paint on the wheel isn't peeling away after 230,000 kms!

Fixing a transmission will be a first for me. I've ordered every parts that could have failed and the proper equipment to make this as easy as possible (that TJ-1 puller isn't cheap

Thanks old tech for the additional information!