Went to look at it again tonight with the guy there. First things first... Ya'll are right, it is a 240. Badge and all.
I agreed to buy it. He is going to pick me up tomorrow night on his way home from work.
It started right up--and according the the seller, it was the first time he had started it in 2 weeks. So that is good. It was running a little "rough", but I believe most of that to be from busted motor mounts and an exhaust that stops around the front seat.
Speaking of the exhaust, I brought a piece of cardboard with me so I could get a decent look at it--it has a leak up close to the engine although I couldn't tell where (no flashlight). The guy said it was repaired, but will need to be repaired again. Or not. Then it is missing the exhaust for about a foot from the front seat going backwards. The rest of it I will just pull off tomorrow. Luckily it is not so loud that I'll get pulled over on the way home. He told me it will need new brakes soon, I will evaluate tomorrow on the drive home.
He pulled the carpet out after it got wet and started to mold. I didn't investigate the floor too much, but I will have to learn how to do repair it somehow.
The rear tire--he showed me what he ran over, it looked like a piece of the rusted off exhaust. In any case, I'm going to assume that it is not repairable. I will bring my cigarette-lighter compressor to see if it can hold any air. Thinking about buying a can of fix-a-flat, but not sure how I feel about that since apparently tire techs hate it. If one or both of those ideas fails, the spare is holding air. It had 20psi in it--Not sure what the recommended is, but it will get me the 1/4 mile to a gas station, and then after I fill it up to 30 or 40ish the 4 miles home. Spare is not as old as the car, but definitely old enough that I'm not trusting it for very long--I couldn't find a date code, but the thing was made in Sweden(!), at least it is not dry rotted. Best news from the spare is that there was no rust in the spot where it sits.
I'm jumping for the extra hood (has a bad scratch but no bad rust) and the passenger front fender for $100. The fender has a little rust on a part that attaches to the rest of the body, and they're not the same color as the car, but both are straight.
Other goodies included: Newish Blaupunkt head unit (haven't heard it, assume it works) and a Chilton manual. Woo!
I felt a little guilty about the price--in Chicago (2 hours from here) this is about a $1,000 car. Down here, it is probably a $600-$900 car without the spare parts. I asked him about it, and he told me that he works in claims and checked out blackbook, NADA, and Mannheim MMR, and knows what its worth, but between the missing carpet, rust, exhaust, and tire, he feels that $300 (with the spare body parts) is a fair price. I more than agree
He also said that he had two other folks interested--the first passed, and the second he wasn't going to sell to because it was a woman looking for a car for her new driver 16 year old. He said that between it being a [rough] 24 year old car, manual, and rear wheel drive, that he wasn't selling it to a 16 year old. Made enough sense to me, and works out for me great!
Cross your fingers that I don't get pulled over on the drive home with the license plate from my Miata.