KBB value on this car is like $1000? Maybe? It will take quite a bit to really make this car reliable. Timing belt, water pump, tensioner, etc. Not to mention what may be required to just get it started. Maintenance history?
Each to his/her own, but unless you just love these cars and or sentimental value, not sure it would be worth the money?
True, but, I want to say these are easy to work on, and with cheap parts.
Every used car is a gamble, but if one keeps costs low going in, and costs low the whole time, they might get ahead. Yes, there is a gamble that one might drop a kilobuck to buy, times two more to fix up--and then wreck the following week and be out all the money. The odds of that are low, and not any worse than buying a brand new car (or gently used one) and having the same thing happen. In the latter case insurance might make cover the cost and you'd be out zero--but in order to have that assurance, you pay for it dearly (high depreciation, high insurance, high registration).
Life's a gamble.
For what I've got into it right now, I could scrap it and at least break even.
I found a set of factory wheels and tires on Facebook marketplace that were right up the road for $75. The tires aren't dry rotted and will at least pass inspection. The wheels are very dirty, but was able to clean and mount two of them before I had to get ready for work. I also removed the gaudy chrome door edge guards. Already a big improvement IMO.