The only caveat i see is the price...
You could get a Compaq Armada 1590 series foror a Toshiba Tecra 500cdt for example, and from the prices i see, for way cheaper than the LTE 5000.

Isn't the floppy drive also prone to failure over time ?
If it uses a rubber belt, even though it works now, it won't work anymore in a couple of years and it's going to be a nightmare to fix ...

Nice coincidence, I just tested a 5150 I've kept in storage for a few years. The build quality on these machines is good, the screen (11,3" - 800*600 on mine) gives a crisp image. I suppose the screen quality also depends on how heavily the system was (ab)used.
I have the same HDD, but far less ram. Nevertheless, Win95 runs smooth on this machine. Don't mind the CMOS or battery, it runs perfectly on the adapter.

250 is a steep price, I wouldn't be surprised you'd be able to find alternatives for a far cheaper price at flea markets in German towns. Still, I'm not into laptops, so I'm not sure about the going rate of these machines.

Thanks all. The price was indeed why I was hesitant but he won't budge so...

So... did you buy that Compaq LTE 5000 ?