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I have an 89 240 that we bought new and has been very reliable. But the one you are looking at is probably at the point some money needs to be spent on it. I find that although I do most of my own repairs it still costs about $500 a year for parts, etc. So if it has been neglected the repairs add up.
a)May need a complete tune up $50 or an oxygen sensor $130 or Air Mass Meter $300 or Computer $?? (find one in a late model junker). Check also the air box thermostat (see 700 FAQ)
b)probably the relay or could be solenoid
c)Ipd sells new ignition switchs that might solve the problem, they say it is an easy fix
d)??
e)probably has an exhaust leak somewhere, if it has the original exhaust system it is easy to replace just the piece that is defective. Feel along the manifold to pipe (don't touch) while the car is running for hot air escaping.
f)could also be the neutral position switch that is located next to the shifer (under the cover on the floor), if it is not moving with the shift lever it will not let the car run, otherwise probably ignition switch
From what you have said you probably could have it in reliable condition for less than an additional $500. It will also probably need new bushings and shocks at that age if they have not been replaced. But if the rest is in good condition it sounds like a worthwhile project. Let the seller know you will need to spend money on it and maybe get a better deal. Good luck.
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