Electronics and fabrics are likely shot.
But things like suspension parts, and even much of the mechanical parts of the engine, are still going to be good.
So I'd say that it's good for at least some parts, which is, IMO, different from being only good for scrap.
ZV
It's a given that water will get into the engine internals, but..if it was removed from the car fairly quickly, pan removed and cleaned, valve cover same, plugs pulled and MM oil generously sprayed into the cylinders, pan back on, fill with cheap 30w HD oil, engine then spun with dry starter to force any remaining water out of the journals, drain pan again, reinstall plugs and it should be useable as a replacement motor..
Yeah, I was thinking of being able to salvage it for use as a shot block or something with a little clean up as long as it wasn't a cast iron block that got all full of rust.
ZV
