1988 535i with 225K miles, opinions?

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I am a newbie when it comes to bimmers..I thought what ya'll thought were in a 88 535i with 225K miles..I think its been taken care of very well, carfax checked out, engine and body looks ok, doesnt smoke (I think the motor was rebuilt), standard shift with new clutch..upholestery needs to be changed out and may need new muffler (or resonator)..it recently passed inspection..is there anything I need to know? how many more miles can I expect from this car? the guy is going to sell it to me for $1,500..I figure its a no brainer but then again I am a newbie!! thanks in advance..
 

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