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Thanks for the feedback folks. I looked the car over and a few things were not what I wanted. The previous owner had installed clear altezza style lights on the rear. They were accumulating moisture. Also, the valve cover had been re-sealed with that cheap silicone stuff in a tube. And a sloppy job at that. The filter on the AEM intake was not oiled. Bone dry.
The owner was willing to consider $7.5K but at that point I had the gut feeling it was not a well maintained car. I walked.
i have an '00 gsr that i bought for $7k. it has 115 on it. and the thing runs f***ing great. so ya, i definately think u can find a way better deal than $8.5k for a '00 ls