I second the idea of bringing your own mechanic. I would personally pass it up. I'm not a fan of older cars (except 1970 VW beetles) because I too also attend college and I have friends to have older cars and its always "it overheats if it sits", "ac isnt working right" (Im in Texas btw), "it shuts off sometimes", "im loosing coolant somewhere..." and "my transmission isnt quite right...". But my friends possess a bit of mechanical know-how and can just fix it up a bit to save money and get to school. Also, you forgot to mention your current car and its condition! If you have a dependable car as of now, then a "cool" car may just end up as an additional expense later. If your current car is iffy-iffy, then hell the mustang MAY help ya out!