abc red light of death
The oil for the ABC and Power Steering should be a light green in color. If it is "little dark" it is time to change it together with the filter. The reason for the warning lights can be a number of issues. ( Perhaps the reason of the previous owner to sell it).



If I were in your position I'd replace 3 accumulators (2 big ones)/one pulsation damper, and flush fluid before worrying much further.
There's plenty of guides and this wouldn't hurt the car either. Don't forget to do the procedure to get rid of all the air in the system.
1. Use the ABC button and cycle up and down at least 10-20 times.
2. Turn the wheel all the way left and then all the way right at least 10-20 times.
Problems of the ABC system:
1. Pump is failing and needs to be rebuilt
2. ABC compressor hoses are old and the rusted fittings or rubber is failing
3. Accumulators are failing
4. Car has been sitting for a while and the entire ABC fluid has not been changed and bled.
5. Valve blocks need to be rebuilt
6. Replace ABC filter in the ABC reservoir






