Its a 1992 bhai, ask a reasonable price so that you can get any offers.
By the way there is a 1996 318i for sale too at pakwheels, you must have seen its ad, for 7.50 i think, in maroon.
8.50 for a 1992 316 doesnt make any sense until and unless its a Fresh import yes, is it a Fresh import as i cant see the plates ??