I live for the CABE
Thanks for that great pic!
After getting more pics from the seller and comparing them to your better example this is what I have determined from the photos:
It is missing (or they are faded out) the red bezel on the crank and the red instrument display panel on the tank. The rear fender reflector is missing, it has incorrect pedals, and a replacement blackwall rear tire. If I couple that with the deep rust issues and a torn seat and driving 90 miles I have a hard time seeing a $150 bicycle. Plus, these are the problems that I can see - there may be a cascade of other unseen issues and/or finer details I am overlooking.
I know I could part it out (lots of guys do) and maybe make a few bucks but it is not that far gone and I don't usually buy for salvage unless all the stars align.
I am thinking that if I can bring it in for under a $100 or less, it is probably worth a long drive and look see. I am off the mark here?