Even for an 02 530 with the milage that is really cheap - I would be warry and certainly check the history on the car as it should easily be worth more.
I would also be afraid of the automatics - not known for their longevity and if they go, they tend to go in the 80-100k range. Most people think it is because of the lifetime fill on the fluid, so if you get a lower milage autobox, change the fluid ever 50k and it should last better, but the manual will always be more fun and a bit faster!
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