Aw, that's cute! Is it gonna be used as a pedal car by a little guy/gal?
I've bought new pedal cars for the two households where our grandkids are, but seems like they didn't get as-much use as I gave my pedal cars in the mid-1950's.
I have a small collection of pedal cars, most are 1950's. Here's a pic of a shop art piece I did. I've kept the 'as-found' condition for the ones in my collection, but the one this piece came-from, was so-far gone from the 'tin worm,' this was about the only usable piece left. I cut the front off the body, and I soaked it in 6% vinegar for a couple of days, which did a great job of cleaning it up, better-than using my media blasting cabinet, I think. It did cause some perforation where the rust hadn't yet eaten entirely through the sheetmetal. I'm sure the same thing would have happened from trying to media-blast it.
In the collection are several firetrucks, being retired from fire-rescue, these are fun mementos. I also like the vintage open-wheeled racers, and I have several of those, like the Indy Cars, of the era when they were AAA-sanctioned front-engined racecars. Think Bill Vukovitch and Mauri Rose. The mighty midget racecars of the same era are like these, too.