Man, some of you guys, both old and young, have had some nice first cars!
My first was a '65 Corvair 4-door with a 2-speed power-glide trans, and 55K miles on the clock. The PO thought it had "thrown a rod. That's what the guy at the gas station told me". I paid $75 for it, knowing I could get a running motor for another $75, worst case. The problem turned out to be a leak in the fuel line on the intake side of the fuel pump. It took a while to figure that out! After a couple of bucks worth of fuel line and hose clamps, it was a runner!

Of course, it leaked oil worse than any Harley until I replaced the push-rod tube O-rings, and was a gutless wonder, but it was reliable. I eventually traded it to my brother for his old clapped out '63 'Vair, plus $75, then sold his car for $75 to someone that wanted the drive-train for a dune buggy. My bro drove it for several years while he was going to Fresno State, then sold it to my best friend for $150. My friend drove it for about a year, then sold it to someone for $150, who wanted the drive-train for a dune buggy. We saw the car running around town for quite a while: I think the new owner decided a well running car that cheap was worth driving.