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89 volvo 760 turbo for a first car?

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Well I've been searching autotrader, the local newspaper, and ebay, for a reliable, cheap, sleeper, and I think I've found it. I know I have a pontiac catalina, but It still needs alot of money, and time to be good to go, and I dont want to back it into a tree or something :laughing:, I just need a POS to learn in. I found this car on autotrader, It has around 225k miles on it, Its turbocharged, and intercooled, and looks pretty clean and all that. He is asking $1600 I dont think thats fair for the amount of miles on it, I'm thinking more like $1000.

anyway, will this car last me atleast another 100k miles ya think? Is there any common problems with this car? Is this car a sleeper, or can it easily and cheaply become one? My mom is willing to buy it, as long as I pay her back and only if I Really Really want it, she thinks it looks like something a criminal would drive :screwy:.
link (http://www.autotrader.com/fyc/vdp.jsp?car_id=219909986&dealer_id=59841225& car_year=1989&num_records=&start_year=1981&keywordsrep=&engine=&keywordsfyc =&certified=&fuel=&body_code=142&search_type=both&distance=25&make=&color=& min_price=&body_style=COUPE&body_style=HATCH&body_style=SEDAN&body_style=WA GON&drive=&default_sort=priceDESC&max_mileage=&style_flag=2&sort_type=price ASC&address=85742&advanced=&end_year=2000&transmission=&doors=&max_price=20 00&cardist=18) posted by  azkid110

I disagree with this choice. Buckle down and get a light weight Civic. Everyone has a Civic, right?

If you can't pay for this car, you don't have the cash to make it "reliably" quick. A "sleeper"? F*ck no. Not with your pockets. Be real, dude, do you wanna drive this shit?

Light weight is the fastest way to cheap speed. posted by  What