Looking to buy a 1994 VX. Need help with price

[72lml]

Hi everybody I'm new to the forums but I am sure glad that I found this site. I need a little help with putting the value on a 1994 Civic VX. It has just a hair over 100,000 miles on it. New timing belt and water pump. Needs an O2 sensor, and has new paint.

The rear quarter panels were rusty but when it was painted it was "fixed" with glass body filler, not welded in metal. The driver?s door was also repaired by cutting off the bottom and welding in new metal. The new paint job has some serious "orange peel" going on in spots but for the most part looks decent.

Interior is nice and clean and everything seems to work. The car does not have AC, it is a bare bones car, just a radio and heater. The clutch is good and tires are mismatched front to back but are ok.

Car drives well and suspension feels tight.

Price: $3,500

Seems a little steep to me considering that it needs a $400 O2 sensor. Blue book puts it at $3,200 so I was thinking about offering $3,000 with the O2 sensor fixed. (It is a repair shop that owns it). It that unreasonable? Should I offer more? Less? What else should I be concerned about when looking at these cars?

I have a chance to look at a 1992 CX that sounds like it is a little but more cosmetically and mechanically challenged but is only $1,300, but it is going to need a new throw out bearing. Any thoughts on this car?

Thanks for the help

Nathan

[GasSavers_Ryland]

when I entered it in KBB.com, I came up with it being worth between $2,400 and $3,200, it's had some work that it needed done, so that is a plus, but it needs more work, and they tried to cover up rust with bondo and paint, possibly making it worse (if it's pealing, it's getting far worse then if nothing had been done) I would take a magent and find out how much metal is left, worse case is you have to chip out the bondo and re-fix it, and it might be worth replacing the door with a used door (around $150-250 used).
On the plus side, the car has low miles, new timing belt/water pump it needed and would have cost $300 to have done, the non-riped drivers seat would be a fun novelty, and I'm sure that with the almost new condition of a 100,000 mile engine, and low miles on the suspention, it should give you many truble free miles, altho I think their price is to high by about $800, I would offer them $2,500 and if they would take $2,800 for it, then think about it.