I am looking at a 1988 760 turbo wagon. Is peeling paint normal for this car? It has 210,000 miles on it.

new tires 3/09
tuneup 7/09

service records kept from last 3-4 years.
2nd owner since 1995

It costs 950.00

I'd really like a 240 wagon but... I have one in my driveway now, but think it would be more expensive to fix than to buy another car.

 

Peeling paint isn't that normal, I guess it all depends on how it was taken care of. If it sat outside for its whole life in the sun and rain, then maybe. But I've seen some 1988 700 series and 200 series with more miles than that and they looked practically brand new.