I got some folks in a trailer park selling an 01 legacy L, manual 5speed, power everything (functional), cd player, with 230k miles on it. It has pretty new tires, clutch in at 30k miles ago (with receipt for proof), and a somewhat stained up interior. Now I test drove it and it all seemed running well. Got up to speed nice and easy... all seemed well mechanically (i'm not a mechanic, but could generally handy-man anything that went wrong on my other subs). Anyways, they had it listed at 2400, I said I wouldn't do over 1k, they said 1200 was their low number. Now... what do you guys think of that price? I mean I paid between 800-1200 for my other rides(85/87 gl, and 91 loyale) so I'm thinking 1200 for this 01 seems not too shabby, but then again 230k miles is A LOT!... They didn't know if the head gasket had ever been blown/redone. what would you do

That's a pretty good price.  

 

Take a look at the bottom of the engine along the block to head seam (HG) and see how bad they are leaking.  Even if they are leaking as long as it was not run out or low on oil or coolant you could run it like that for a long time, just keep on adding fluids.

 

If you do the HG yourself, figure about $500 for parts and machine work.  Any idea if the timing belt and water pump were changed a second time.  105K, 210K would be the scheduled changes.

 

If it's in otherwise good condition, tires, brakes, struts....

 

It's a deal.