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Re-spray that is done poorly is worst than fading paint. If you had pics of the car, we could give you a better idea of what you are working with. Cracks in the dash is also not a easy thing to handle. $1200 for a newly recovered dash and then you have pull your console items out. Pending on what you want to do with the car, I always recommend to get a clean rust free, good paint and nice interiors first. And pay more $$$ at the front end, rather than thinking that you can fix it up for cheap, because you can't do that with these cars very effectively. It is a great time to find that special conditioned 6er. Good Luck.
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