Bought used from private party. Aprox. 70,000 miles, great condition all around, everything works great. I've owned 3 cars like this one and can safely say that they are VERY reliable. Of course, as old as they are, buy one as nice as you can, and treat it with a little TLC and it should reward you for years to come. If you want a daily driver, this could work, but serves much better as a cheap classic car for summer fun.
The convertible top is hands down the icing on the cake for this car. I've owned two 325 sedans and loved them both, but never as much as this. The power top and heated seats are a must!!
If you buy this car, you may want to upgrade the factory stereo and perhaps upgrade the headlights. Oh, and for the gearheads out there, use Red Line in the standard transmission, you'll thank me.