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With those miles, it is well worth the asking price if it is not rusty or wrecked and the A/C works.
I've had several different oil leaks on my '91 through the years. None of them were serious, just annoying.
See if it is due for a timing belt or if the belt was recently replaced. That costs about $60 if you do it yourself, or a around a couple of hundred if you pay to have it done. Belt replacement is the time when you replace the most commonly-leaking seals and make sure the flame trap tubing is all clear.
See if the radiator has been replaced (original was plastic, replacement will most likly be metal). If it has not been replaced, it is due, and they fail suddenly without warning. That is about $150 and you can easily replace it yourself.
See if the crank position sensor has been replaced. The wire disintegrates after 10-15 years. That and the radiator (and running out of gas) are about the only things that will leave you stranded on the road with a '91 brick. It costs about $20 and you can replace it yourself if you have jackstands.
Check to see if the A/C has been converted to 134a refrigerant. If it has not, I'm shocked that the original A/C still works. If it uses 134a, it won't run very cold, and you will likely have to add a pound every year, but that is easy and 134a is cheap.
At 125k-150k miles, you are about due for alternator brushes. Watch for flashing dash lights. This is another easy, inexpensive repair if you do it yourself. Just something to be aware of.
I paid that much last year for a '90 with 215k miles that had been hit a couple of times and not repaired very well, and had some other minor issues. I paid too much for what I got, but I insisted on a white 5 speed with a clean interior and no rust, and it was the only one I could find that met my criteria.
We added some new tires ($450), engine mounts and suspension bushings ($120) and have driven it another 15k miles so far with no problems and no regrets.
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