I owned a 1994 Honda Civic. It was the most reliable vehicle I've ever owned.
However, you'd still be buying a vehicle that is 10 years old. What kind of shape is the body in?
If you live in a colder climate that uses road salt, or if the body is in rough shape I wouldn't buy it. The last thing you need is a vehicle with a frame and undercarriage that is rotting away.
If the body was in a good shape, I'd buy it. It'll last a long time.