$1000 sounds pretty decent, but I'd try to talk it down. I don't suppose you've test driven it yet? The 2.3 is pretty solid and 160k miles isn't a too much for this engine, but the A4LD auto tranny is pretty weak, if that's the one in it. The biggest complaint most people have is power, though. If you can't tolerate the 88hp (which you won't) from the 1988 2.3, you'll have to sort that out, too. Not to worry, though, you can swap in a turbo 2.3 or otherwise speed it up for pretty cheap.
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"The battery is discharging, the oil temperature is very high, the oil pressure is very low, the engine temperature is off the end of the scale, I'm running out of petrol, but the clock is correct!"- James May
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