DWCasey,
I recently purchased an 82 240D with 210,000 miles for $3200.
"Benny" has a four speed manual, runs good and burns about 1/4 a quart between changes (3500 miles), some small minor dash board cracks, recent paint (2 to3 years) and rebuilt suspensions front and rear. I am getting 32 MPG. I drive her daily about 50 miles on a country road at an average of 55 MPH. Check the floor mats for signs of water in the cabin.
I can't comment on the rebuild or price the for your area. Just evaluate your needs and desires. I love mine and it is the best car I've owned and expect to get another 150,000 out of it. Even with scheduled maintenance and an unexpected repair or two, it should be a good mileage per dollar vehicle!

Good luck, the bern

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1982 240D 313,000 (4 speed)
1984 300CD 172,483
1985 German Shepherd Dog -Lacey- R.I.P.11/04/05

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