320i back-up car. Please advise.

[Sargent Schutt <sargent@novagate.com>]

Well, it has come to my attention that I really need a back-up car for my 91
200q (obligatory quattro relavence). I may have a good deal on a 1980 WMB 320i
(for $300). It is reportedly in good condition mechanically, burns a little
oil, has a rebuilt bottom end, but otherwise is good mechanically. Hasn't been
driven much at all in the last 5-7 years. I'd thought of buying a coupe GT,
but this has come along and $300 seems like a steal, esp. since I won't be
using it except in emergencies.

Any BTDT on this thing? I have no experience with the old Bavarian stuff.
Anyone who can suggest things to look for, cheap parts sources, etc. I'd
appreciate it. Sorry for the WMB WOB, but it's mission is to support the 91
200q as necessary (I've got a rental right now - Dodge stratus with no abs.
Threshold braking is kinda fun, seems to scare the pedestrians, though ;-)
(kidding, sort of).

TIA!

Sarge

91 200q (getting full SS stebro w/cats, SS brake lines, new e-brakes as I type)
future 320i? (gasp!)
previous 86 5ktq, 90 90q20v