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Dear Chris,
Good p.m. and may this find you well. My answer: NO!
Even if there were no over-heating issue, I worry about:
(a) Bodywork. Rust on a 940 suggests car has been damaged or, simply not waxed. In a sea-side climate, diligent waxing is essential to ward-off salt air.
(b) the leaking water pump suggests the owner did things, when they had to be done, rather than when they ought to have been done, i.e., preventively.
(c) a Turbo, on a car, which has been hard used. I wonder at the absence of a turbo boost gauge on the instrument cluster. Most cars, that came equipped with turbos, have this gauge. Could the instrument cluster have been switched out? Have you verified the kilometrage (mileage)? Is the last digit on the kilometrage in RED? If so, that means that the cluster has been changed, by an authorized service center.
I do not worry about:
(a) Replacing the door panels. This is time-consuming, but not hard.
(b) Replacing the cowl (the metal piece - with the air intake grille - between the bottom edge of the windshield and the trailing edge of the bonnet (hood).
(c) the windshield moulding, as doing this is not hard.
All of these parts can be had from a salvage yard, for modest sums.
With all of these problems, I'd think the car was worth perhaps half or less of the amount requested.
You could be looking at a head and headgasket change; possibly and engine change. This is simply a lot of work.
Yours faithfully,
spook
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