you mean 700k as in 7 lacs right?
and if a 94 model must have been cleared in june so not all that fresh
give him an offer of 5 lacs and let him be.then ask someone to give him an offer of 4.5 lacs and then a week later of 4 lacs make sure its not u and someone else
then go and talk to him a week later and see what he says dont go over 5 lacs then when leaving say 5.10 lacs
see what happens
though i wouldnt advise the car see what others say