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I have a 1993 850 GLT (manual transmission) with 100,000 miles since new. I love this car. It is the first model year so there are some bugs, as others will tell you, but I have had no problems whatsoever (kow). Make sure you get it checked out and get all service records if possible. When was the timing belt last changed? AC is a big problem, but I live in Northern California so never use it. Automatic transmissions seem to have more problem than manual transmissions. I think 1500.00 is pretty cheap actually, so I might tend to be a bit wary.
Good luck...
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