Might buy E21
I am thinking of buying an E21. What should I look for in it? It looks and sounds like it's in good condition from the pictures and what the guy told me. Also, is there somewhere I would be able to pick up one of those european front air dams? I would probably paint it black by the way.
I'm in the same boat. A friend at work has one up for grabs for $500. 1980 320i, 160k, new upholstery, runs perfect, well maintained. I don't know what to look for either. I figure I might pick it up for a long term restoration project. Good luck with yours if you buy it, and let us know how things go.
If you have a choice opt for the iS model as it comes with a LSD. There are a number of different front spoilers (BBS, Alpina, and Hartage) all made spoilers, the question is how to get your hands on them. A couple pop up on Ebay or Ebay.de every once in a while.
Assuming the picture you linked is the one you are looking at, I'd say it looks pretty clean, but I'm not a fan of the color. I would suggest compressing the bumpers or if you can (and have the money) spring for some euro bumpers.
If you have any specific questions let me know.
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