Thanks for all the support on this. It's more of a vent on my stupidity I guess. I have this thing with trusting people, until they give me a reason not to, and by then I'm usually screwed.
My guess is the bad oil leak is the reason the clutch slips. Explains why I didn't really notice it until it got hot and started flowing out all over in the bell housing from a bad rear main seal. Explains the two spots in the garage I guess. Its launching it all over the place. He must of cleaned it off real good before I got there. I had no real way of looking underneath the car. He had it parked in a grassy muddy ally way, and he said his jack wouldn't slide underneath it because it was so low to the ground. I bought it.
ops: I did look down there as best I could, and it was dry. The oil leak is so bad, it carries down the frame rails to the back of the car.
We've been putting air in one tire everyday since. I checked it out, and it has nothing in it, no signs of a rim leak. just another area where he wasn't up front with me. May be a bad rim. I need to get it to a big water tub and check it.
I pretty much figured this car has been in some destructive hands over its life, but figured I could keep it going if the engine was decent. The bad rear main seal has me wondering now about that. They don't just go bad. Its usually a sloppy crank that causes it. Has no internal noise. I would of walked on that for sure.
The alcohol injection is just a sprayer system into the intake. More for cooling the hot charged air. I don't know a lot about it, just a little research I did when I first got my turbo bug going and it had some bad dentination under boost. This car is only boosting 10, so its not at all necessary. My bug may be getting that alcohol system. Its sometimes all you need to push the 14 and up boost with pump gas.
This last guy Nick, and he does live in Munster IN, told me he 's never beat on it, hardly ever drove it. Said he friends give him a hard time because he drives like an old lady. He assured me the car would make a great daily driver from his past use. Starting to think that was another used car salesmen line. There is no way this car is a 13 second car. My bug would spank this by at least a full two seconds in the quarter, and its in the mid 12's. So hes full of it on the 12-13's
I now know how Greg Brady felt when he bought his first car. lol Caveat Emptor