I'm not saying I'm going to buy one, now or later. This is just so I can bring this forward and get some opinions, either based upon experience or speculation. I know a fair bit about cars, but I just want to make sure that what I'm thinking about choosing isn't "junk". This is an investment, and an essential item, unlike speakers.
I've been considering a late-90's Pontiac Grand Prix, it's a car I've admired from the internet for years and it seems to be the car that I'd be looking for, at least in hindsight. But again, I want to make sure I'm not ending up with a crappy first car. So here are some of my thoughts on the GP based upon Bill's three priorities:
1. The Grand Prix should be a pretty reliable car, especially if I can get the GT trim with the 3.8L V6 ((3800 Series II), or the GTP trim which has a supercharged version of the 3.8L.) which is technically bulletproof and should last forever given proper maintenance. The 3.1L V6 is also a good engine, but not as good as the 3.8L. I'm curious to know how either of these will stack up to a Toyota in terms of reliability? They do seem to pack plenty of torque, great for driving up hills like we do here in the PNW. My Elantra would be struggling a bit unless I really pushed the laggy accelerator.
The GP should also get decent mileage, about 20MPG city and 29 highway. Not as good as the Elantra, but passable. It's not like I care about having the most efficient car possible, but I don't want a guzzler either. I will be taking it on occasional road trips, but for the most part it's just going to be errands and commutes.
2. Obviously since this is a 25+ y/o sedan, it's not going to be the safest on the road by a large margin. The IIHS gave it an "acceptable" rating, which isn't great but passable. But it's much better than the aluminum land yachts which are basically death traps, or the trucks which have the fuel tanks located behind the bench seat.
However, on the other end of things, I don't want to become one of those lazy phone or alcohol zombies who swerve off their lane or drive slow in the fast lane (which an older car will deservingly give me the consequences), nor do I want a newer car with every single little bell & whistle to alert me while I'm trying to drive in peace. Even if they are safer. What I'm saying is, I want to become a genuinely good driver, and I have the reflexes and awareness to do that. But I don't want to deal with having a car to hinder my driving skills because it's so "trigger-happy", if that makes sense. The Elantra was perfect for that. It would let me know the essentials, like if the door was ajar or somebody's seatbelt wasn't on - it would let me know, but I would be able to do everything else at my own accordance without interruption. Meanwhile my father's gigantic Ford lightning.... that's a different story for another day.
3. Insurance varies from person to person and from state to state. If it's worth it, I would get the car insured...but I would much rather buy from an individual or private party rather than a dealer. Of course - making sure everything on the car is intact and that it has a clean title (no crashes or rebuilds or anything), and the asking price is reasonable for the time frame we're in and the region.