I'm looking at a 1985 325e for my daughter's first car. The car is in near showroom condition with only got 122K on it. The only challenges with the car seems to be the brake light on the dash is on and the rear tires are shot. The guy is asking $5K for it. NADA says it is worth $3,600 avg retail, and $4,725 for perfect condition. Given the brake light issue and the tires need to be replaced, what would you offer for this car?
Also, any ideas on what the brake light on the dash might indicate and estimate of what it might cost? (I know I'm reaching here, but I need to make an offer in the morning if I want this car.)