Inspect the turbo for shaft play.
Inspect the intercooler hoses because they're probably rotted out due to oil saturation.
If it makes boost and doesn't blow smoke, it should run a while. If the turbo is original, it may be dying or it may last another 50K. If it's a rebuilt turbo, find out how many miles, how often the oil was changed, and whether synthetic was used.
If you want to go even further, check the radiator. If it has plastic end tanks, be prepared to replace it. Do a compression/leakdown test. Compression should be around 140-160psi. For $400, expect some brake, exhaust, and/or suspension work, but that's cheap and easy.
Inspect the intercooler hoses because they're probably rotted out due to oil saturation.
If it makes boost and doesn't blow smoke, it should run a while. If the turbo is original, it may be dying or it may last another 50K. If it's a rebuilt turbo, find out how many miles, how often the oil was changed, and whether synthetic was used.
If you want to go even further, check the radiator. If it has plastic end tanks, be prepared to replace it. Do a compression/leakdown test. Compression should be around 140-160psi. For $400, expect some brake, exhaust, and/or suspension work, but that's cheap and easy.