Luckily it had all its tires. That's the biggest problem with these old Matchboxes, the hubs shrink over time, and the tires tend to go missing pretty easily.
Just a simple repaint and the old 'dub was good to go once again.
I decided to go for a nice simple dark metallic blue, I think it suits the car well. I liked the originality of the chassis, so I left it alone. No doubt a mother somewhere put a dab of red paint on the bottom so little Johnny could tell his cars apart from the neighbor kid's cars. That tells the car's story, and I don't like to erase that. Hope you like it! Drop me a comment if you have anything to say :)