ya 1500 may be a little high, i bought my 92 lsc for 800 canadian like 3 years ago and it had every option, the only thing wrong with it was that the passenger side door skin was folded up at the bottom and the seats were shot. it runs good, so i used the engine and trans for my 88 cougar.
I have an '88 Cougar XR7, and i have already dropped the HO(from '89 MKVII) in it, i just have to wire everything up. When i started i assumed the wiring harness from the Cougar wouldnt work with the HO because of all the extra sensors.