For a 318 in excellent condition w/ under 200,000km you should expect upwards of $10,000Cdn. Any 318 w/ over 200,000km and sold for under $8,000Cdn you should be very careful of. I suspect there may be sub-frame damage, get it checked out at Chucks.
Certified doesn't mean $hit, all it means is that the car is driveable, basically it starts and the brakes work.
My car was certified and within 4 months since purchasing the car here were the list of repairs...
- both (2) engine mounts
- A/C top off
- fan resistor
- car starter
- all 3 belts
- driver side control arm bushings
- lower front tie bar missing (replaced w/ x-brace by me)
- tires worn (to be replaced after winter)
Well that's about it
Notice how all these items have nothing to do with owning a 318, it's E36's in general. There are always repairs. I feel like my car is nevef 100% all fixed up at any given time.
Anyways,I suggest looking for a 1994 318 w/ 180-200K km, I did, got it for a steal... $9,800. My insurance gave me $10,500 for my wrecked '92 318, so gives you an idea how much a good one is worth.