Well thanks heaps for that guys - The car which I have found is a Auto, not sure if its a 4 speeder or a 3 but I assume its a 3. So the motor did run off a cambelt design - I was allways under the presumption that they had a chain system? So did they come in S1 and S2 - seems to be a bit of confusion in the earlier posts here?
As for the whole "Why a 505" - I thought they would be a good car for a year or so, seem fairly reliable and it would be somthing which I wouldnt keep for very long and sell the next year and get somthing like a 306. I havent discredited the Citroens yet, Xantias are amazing value and the BX's are to some extent but ill have keep my eye out for them still. Dont worry - as much as id like a Mi16, ive given up on the idea they seem to be a tad to expensive to maintain as a first car - from all accounts they seem allmost tempremental.
I have looked into the Saab/Volvo's but to be honest - Im a huge fan of the 9000, I would prefer a manual, the 9000 would be a car I would keep for a considerable amount of time. Not a fan at all of the "GM" 900. Volvo's offer good value but to be honest - the whole idea of me driving a "850" for a first car doesnt really appeal to me....if you know what I mean (It would be a very different story if it was a T5-R

)
They seem a bit of a slug performance wise in auto guise - I'm not out to break land speed records, but then again I dont mind a bit of power. Seem to handle nice from all accounts - I have no idea as to the condition of the car, Ill have to speak to the owner and have a look at it, see what its like?
If it doesnt work out, no big deal - there will allways be another car!
Anyways thanks heaps again - great advice!
Joel