I went to see an 05 Coupe with 74K miles a few days ago. Seller was asking $5,600. Car looked okay, but nothing stellar.

Another buyer offered $5K; seller contacted me to ask if I would match, as I had seen the car first. I declined. Seller contacted me again yesterday to say that the deal fell through, and that she would entertain an offer at a lower price. I said I'd think about it.

Here are my concerns: The car is essentially sound, but it has some leaks here and there: valve covers, also underneath around the transmission (auto). The car needs brakes all around; needs a fog light, etc.

I'm thinking that I might offer in the the low fours. Does this sound reasonable? I guess my main worry is the trans leak. Any thoughts there? Is it safe to assume the leak is at the electrical connector?