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Late model 240 buying advise. 200 1992

Hello all,
Looking at a 1992 240 for a buddy as a basic commuter. Its a one owner car with 137000 on the clock, clean Carfax and dealer service from day one...kind of amazing. It's that damn four speed automatic though and it has a power everything. Just curious what I perhaps should look for as far as issue on it. I noticed the antilock warning lamp flash dimly while driving and it sure seems to shift odd, but I am not used to automatics so...I guess I am not used to a brick w/this many bells and whistles, any advice would be appreciated.






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