Common advice in the car world is always buy the good car, never buy the cheap car. That's because the cheap car almost always ends up more expensive. Even the smallest fixes turn into a litany of projects that will bleed the fattest wallet through many tiny cuts. That said, the cheap car is often too tempting to resist.
This is a companion discussion topic for the original entry at https://www.hagerty.com/articles-videos/articles/2017/12/26/1992-bmw-318-convertible-ebay-of-the-week