I picked up an '88 325is manual w/ 120x miles, for 250 US dollars on June 15th from my neighbor. Part of the deal was him wanting someone to take good care of it.
Body is in great condition - One dent in passenger panel that my buddy w/ Dent Wizard can fix in a jif. Front seats will need some TLC at some point. Like to replace dash as well.
It started when I bought it, but was spitting out black smoke and had an irregular idle. I just took out the injectors and am sending them over to lindertech in Indy to get refurbished. Have the new O2 sensor, and will swap out all fluids, hoses and filters.
Too boot, the tires have less than 5x on them. I'm looking forward to my new daily driver.