Well, I picked up a 318ti today and the new car feeling wore off quickly.
To be blunt, this was the first time I bought my own car and was too excited and missed plenty of things. I didn't get under the car and only took it up to 55 MPH on the test drive. There were no clunks or vibrations on the test drive.
Let's start off with the good. It is a Boston Green '96 with the M-appearance package and no sunroof. It has a five-speed and the half leather/half cloth sport seats. All the panels match and the belts and fuel pump is new.
Now the bad. I work at a Mazda dealer (not a tech) and brought it over there right after purchase. I found quickly that at 75-80 MPH there is a serious vibration. The struts are also worn. Up on the lift, we found the control arms shot on the passenger side, and weak on the drivers side. There is also a fluid leak - easily seen as the valve cover gasket, and possibly a power steering line. I was told the clutch was replaced 10k miles ago, and it grabbed strong. However, looking under it, the transmission bolts were never touched and the guibo was also shot. Now to the back, the exhaust hanger was worn and the diff bushing was also worn. To top it off, there was a broken coil on the passenger's side. The paint was resprayed poorly, and there is a small bubble of rust that I wasn't worried about but am now disappointed in due to my other findings.
I planned to daily this at college for 1 year before tearing it down for autocross prep. With these findings, I'm holding off taking it to college (only have 4 days) and am extremely disappointed in myself.