Looking at your pic's, there are a lot of items needing replacement / repair. Rear fenders, running boards, grille, top grille trim, hood ornament floor panel, front & rear bumpers, complete interior,etc.etc. I think parts ( before mechanical stuff ) could run you $ 3,000 / $ 4,000. Also, I'm not sure it is a '40 ( no parking lights ? ) Maybe a '39 ?
