I think with these cars, if they are maintained properly, they will run for a lot longer than 200k. The engine and transmission are pretty damned proven - and simple. Plus it's a lovely motor- liquid silk.
Of course at this mileage other stuff will need to be replaced, if they aren't done already- things like bushings, shocks, wheel bearings, other suspension parts + stuff like clutch/throw out bearings.
If the car has been taken care of, and it looks good, I would go for it. Just be prepped to do some necessary maintenance as porkie said.
-gc
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