Thanks for your input and advice. Agree 100%. Main reason for even considering this car is the virtually rust free condition. Other reasons
Include very strong runner (lots of power compared to mine) and superior handling (recent complete front end rebuild). I may be wrong, but feel those 3 things alone make this car a consideration. Yes, $3800 is too much. I think I'll be able to get it for under 3k.
Of course, the car market is nuts right now. Add to the fact I really dont know what a 123 in this condition is worth, currently. Also considering the ridiculous prices nice examples are commanding, I'd think $2,000 wouldnt be too far off. I just dont know and why I reached out to the forum. I'd imagine location in the country has a lot to do with the value, too.
When I bought my 83 240D, the transmission acted horrible...flaring, banging shifts or not shifting at all. Turned out to be only bad vacuum lines. Took care if that and it's been a daily for the last 4 years. Paid $1,000 four years ago (which many have said was way too much). Thanks again!