I've always, always wanted to build a $200X challenge car. I live in Colorado, and it's a loooong drive to Gainesville in October, so I'm not 100% sure I'll make it, but I'm building this car and keeping records so I could.
I used to autocross super-cheap, rusty, modified Datsun 510s in high school in the 90s, but I haven't driven an autocross this century. For the last couple of decades or so my projects have consisted of cheap and fun daily drivers ('94 Celica ST, '98 Subaru Outback,' 04 Golf GL) for myself and my high schoolers, a couple of old motorcycles, and my 1981 Vanagon Westfalia that I swapped a Subaru engine into and did all kinds of mods.
So, I freaked out when I found an ugly, sad 2004 Mini Cooper S with a 6 speed on Craigslist for $800! The PO never changed the oil. The timing chain tensioner died, and the timing chain started making bad noises until it stopped running. The PO dragged it to his 87-year-old grandfather (a super-nice guy who had worked on cars his whole life) to try to fix it. He bought a new timing chain set, and started taking it apart before he realized it was way beyond his skills and physical abilities to fix. I bought it from the grandfather. Here are crappy pics from the CL ad:
I was stoked when I saw the JCW badge on the grille, but it turns out it's just a normal "S" with a poorly-bolted-on JCW badge.
In addition to the new timing set, it came with a second set of floor mats, 3000-miles-old tires that look new, and the PO got it aligned with the tires (and the shop hadn't complained that the front end was too hosed to align properly or anything)
On the other hand, when I got underneath and started working on it, I saw it had a ripped outer passenger CV boot. I decided I'd worry about that later.