The only thing that has gone wrong with it were the CV joint going out and the lower ball joint needed replaced.
The seats are wearing a little also, but seatcovers fixed that.
I love this car, it has cost me very little in gas and it has enough performance out of the small 1.5 liter carburated engine to beat a 2000 Ford Escort.
I have raced many cars that were way more expensive than the $800 that I paid and they usually get left in the dust. As long as they are only 4 cylinders anyways. I plan to fix this car up with performance parts and keep it for a long time. It is well worth it.
There is no way, I also have a 1989 Geo Spectrum with a 1.5 70hp engine and it can barely get around, I don't think I could race anything, but maybe a moped.