I bought the car for $700, and it's in great condition.
It has a custom 3" straight pipe exhaust, Ford racing distributor and wires. The transmission was rebuilt with a shift kit and it has 30000 km on it.
I'm only 16, but I love to drive fast, well planted cars. That's what this car is. It handles smoothly in the corners, and when I need it, it's got a 5.0L V8 under the bonnet producing 205 hp (since the exhaust restricts the power, mine's running about 250 hp), and does it ever show. 0-60 is just 8.8 seconds.
On the down side, the car is not a good winter car whatsoever. Fuel economy, well I wouldn't buy it for that.
Also the brakes don't work as well as they should. Put it this way, if it's a sports car, and I'm driving it like a sports car, and I wanna stop... well good luck with that.
But overall, the car is excellent and is a fun drive. I will own it forever.