I've got a 95 Crown Vic with 203,000 that runs fine. I've had an 81 Corolla with 260,000 that ran just fine. Just stay on top of the regular maintenance. All you need is liability insurance because you can save up the difference in the premiums and have the value of the car in the bank in 6 or 8 months. No car payment is always the best way to go. Just put the car payment in a savings account and upgrade your car in a year or two. Continue doing that and you'll continue buying better and better cars.
Just don't pay more than 1500.