Is this 1995 BMW 3 Series a good purchase for £1000?

I've seen a BMW 316i for sale on a 95 reg, asking price £1000. It has a long MOT with a full service history and 122,000 miles on the clock. It looks ok, it's just the miles are a bit high. I've been told that BMWs go for a good 250,000 miles if looked after, so what do you think?

Asked on 5 September 2010 by mikomi 61

Answered by Honest John
If it's rust free could be okay. At auction it would be half this price.
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