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That car isn't worth the money even in good condition, buying one wrecked is likeflipping a coin to see how crappy of a product you will end up with in the end. You could buy a brand new Honda Accord for a little more than that $18k and it would be a much much nicer and reliable vehicle. It would also likely move faster....
Just because it says "BMW" doesn't mean it is a top of the line car. After several years in Germany I started realizing that some people are just paying for the label with those cars, not all of them are as impressive as you would think. Be more mature about this car purchase even if the money isn't coming out of your pocket. No car looks cool in the shop, which is where our cheaper BMW's spent a lot of time in Germany.