You're not going to get 5k for a high miles NA that needs work. A buddy of mine just bought a 94 slicktop with 100k and really good condition for $4500. As a student you really need to decide where your priorities are. I'm an experienced mechanic, and had been working on my Z for years before I went back to school. I've been able to tackle anything my Z threw at me easily. But I also had my Z running well when I started back in school. What are your alternatives to driving? Can you walk/bike to campus or take a bus or shuttle? I've got lots of friends that rarely drive their cars because they live near campus and have gotten jobs on campus. Saving money on gas adds up quickly and can make getting those parts to fix your Z a lot easier. Also, high mileage Zs are easy to come by. I was stupid and grabbed the first Z that I could get my hands on. I had several chances to cut and run, but I didn't. I'd have a much nicer Z today if I'd been smarter 11 years ago. (holy crap) My point here is, your Z isn't really anything special. It's very likely that you could sell it, buy a cheap honda to get you through school, and then find the right Z after you graduate.
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