Title says it all. I just bought a 1987 300D with 298k miles. Interior is great, all electrics work, east cost car so some rust around wheel wells. After getting it home I thought I'd run a compression check before really throwing any money at it.
Cold it comes back
#1 240
#2 260
#3 220
#4 260
#5 240
#6 280
For fun I put a little oil in #1 and re-checked and it and it shot up to 380.
Car runs OK, smokes a little till it warms up, but then it stops.
What would you do? Would you cut your loses and sell, or keep it and start fixing it up?
Samson