I'm in need of advice. I found a 1993 240 wagon for sale ($900 obo) with several problems. There are two that worry me and the third which I know I can handle.

The first is all the brakes need replacing, which I'm comfortable doing. The second, which concerns me, is the right rear tire has two studs that are stripped and need to be replaced. The current owner took the car to Meineke and they would not replace the studs without doing the brake work. They want $1100 for both the rear brakes and to replace the studs. I'm thinking of tackling it myself. Any thoughts as to how hard the studs would be without seeing the car?

The third problem is there is a leak in the steering column. He figures $150 to fix it. Any thoughts as to what the problem is and how hard it would be to fix?

Any other problems were not noted by the seller. I cannot get to the car until the weekend to check it over, but I'm told the body et all is in good shape.

Thanks in advance for the advice!

Rob