[DML] What would YOU pay?

[" Toscano" <toscano2@xxxxxxxxxxxxx>]

Getting right to the point...I am not some "lurker," I am a former owner who has been on the list for years and understand most aspects of owning a D. Recently on a drive in upstate NY I found an excellent candidate for my next princess, and I am just seeking opinions on value. I am an electrical guy but know next to nothing about engines...and therein lies the catch.
Car is an 81, VIN 2XXX, second owner, automatic, shows 3500 miles but owner says it's more like 9K, body and interior 100% pristine, was at PJ Grady in 2000 for updated window motors, Motorola alternator, fuel system going-thru, and other necessary stuff. Owner says car ran and drove fine up until about two years ago when it developed an unknown engine problem. He believes a piston is "stuck" and just needs to be popped out of place with a whack from a 2x4, and then he surmises the whole engine would need a good going-over, possibly including resleeving the problem cylinder.
Now, engine repairs to me give thoughts of high repair bills and lots of frustration, but the asking price of $5000 makes me think I'd be a fool to pass it up. Thoughts? Opinions? FWIW I did also speak to a neighbor (the owner does not know I did this), who said the car was running and driving fine until it was parked, which he was sure was "after 9/11 occurred" and he does not remember it being towed there. 

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