1995 Subaru Legacy LS for $1500 obo with 129k
We have 2 95 Legacys. I have an LS sedan, and my wife has an L wagon. I think they're good cars. My parents have a 99 Legacy, and an 06 Outback. My wife used to have a 93 Impreza, and I used to have an 89 XT-6. I know a thing or six about Subarus
Couple of things to look for.
Front oil seals. They will start leaking. At 129k, I'm pretty sure they were replaced 30-50k ago. The replacements are better. I replaced mine around 80k and I'm now over 160 with no signs of leakage. I've done the front oil seal/timing belt/water pump job at least 4 times.... generally around 80k. It's not particularly hard, but a little time consuming, plus you need an assistant. Again, I don't think you will need to worry about it. Check underneath the very front end of the engine, if it's wet with oil, it may need attention.
There's something with the gas gauge senders (there are two). If the gas gauge is non-functional, or erratic, you can take them out and carefully clean them. It's very easy to do, and if you get the can and need to do it, I can walk you through it. I've done it on both of our 95s.
While taking it on a test drive, find a nice empty parking lot or something. Drive in circles with the wheel to the stops in both directions. Decelerate and accelerate throughout the turns. If it feels weird, like something is binding up, that may indicate a problem with the AWD system, or it my just mean the the previous owner never rotated the tires. It's important that you regularly rotate the tires, because if the circumference of the tires (front/back) is different, it can play havoc with the awd, and can damage it over time. That being said, Subaru's AWD is fantastic in foul weather. I used to have a Jeep Cherokee and an F150, both with true on demand 4WD, and for regular driving, I much prefer the full time AWD.
Any questions, don't hesitate to ask.
-S