I have a chance to get an '89 740 wagon for $300. The engine has been replaced about 40,000 miles ago, with 40,000 on it (80,000 now)
It is in decent shape. Needs paint (this I can do) and seems to need springs. Interior is ok, nothing spectacular. The car was not well maintained lookswise. It seems to run well.
There is a whine from the engine, not the turbo, but something more gutteral. More like a pulley or similar.
What are common problems with this car. I just want something to hop in and drive 20 miles to work and back, maybe do a round trip of 80. I don't need to be putting *any* money into it. Ideas?