What to do? guy wants too much $$$ for '95 M3 (archive)

Ok, I'm looking at a '95 M3. It has 73000 miles and 2k left on a warranty. He's the second owner, has all records, always diligently maintained. The car has 2 or 3 stone chips and one ding, and needs a new rubber front spoiler. That's all it needs. The guy was asking $23,900. I told him his price was not in line with the market. He acknowledged this, and refused my offer of $20,750. He offered $22,000. The car is really in immaculate cosmetic condition, and, pending a dealer pre-purchase inspection, likely mechanically just as good. Is he still way out of the ball park or is his offer reasonable?

Follow Ups:

In my experience, it within the acceptable range. Scott 20:02 8/12/2001 (0)
You are going to kick yourself after he sells it. Kevin 20:01 8/12/2001 (0)
Your $1250 apart. Are you kidding? May as (m) Norm 19:55 8/12/2001 (3)
- well it is sorta hard to come by if you don't have it, but I will try - Nick 20:35 8/12/2001 (2)
  - No offense, but if you're that close (m) Norm 20:43 8/12/2001 (1)
    - Re: No offense, but if you're that close (m) Dave 20:50 8/12/2001 (0)

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