For sure. See for yourself:
http://www.pbase.com/clumzy/2002_july_a_e86
Looks good in the pics but it wasn't. It's been repainted (poorly) and I bet it's rusting out bad now. It was the first AE86 I saw that was in decent shape. He wanted $3000 for it and I put $100 down on it refundable. Guy seemed nice enough.
When I call and tell him I don't want it, he's cool but never sends me the money. After a couple months I call up and some other guy answers the phone saying he got divorced and moved to Kitchner with his brother.
Now it looks like he's trying to make a TON of cash on this thing .. I agree with the guys here. Not worth it.