"As much as you can for the money", lets see......
£300 on a good, solid mk2 polo, or £600 on a similar mk3 (nicer brakes, more aerodynamic and eco-friendly, "newer", but heavier)........ and put the remaining £700 or £400 towards insurance, tax, next years MOT, servicing, and of course (if anything's left) ALL THE PETROL!
There's spending wisely, isn't it???????? Rather than blowing the whole grand on the car and having to beg/graft like a miner to get all the other costs covered?
Bangernomics, I think it's called!
Jesus...

Getting the most for your money when you're buying a second hand car isn't just about what spacky features or what length of metal you can get (oh yeah, try parking an escort vs a polo.. much easier in the smaller car, and unless you're regularly carting around heaps of stuff (like, more than a passenger plus an _entire_ student bedroom*) it's big enough!)... there's longevity - how long before you have to scrap it or sell at a knock down price "spares or repair" and buy something else - servicing costs (parts and labour), insurance/tax, running costs including petrol, oil and tyres etc.
* the escort however is useful for taking five folks, two bags each, down to mid france, and then back again with the same load plus lots of cheap wine, beer, chocs and cheese - but how *often* would you do THAT? In any case you may as well get a 5 door golf... and a second hand roof box with the change!
I went out looking basically to get something that would seat 4, not fall to bits in an accident, do 85mph, return at least 40mpg on average and be insurable (my budget was £1500 all-in

). You don't really *NEED* anything more than that, it's all fluff (still, it would be very nice fluff!

).
I just about satisfied all that, with an extra weeks minimum-wages, with the Polo (including the instant brake swap), and though I likely could have exceeded that in some areas with various other cars that were on the market, I dont know whether I'd still be driving them right now...
It was that or an old Astra, out of those cars I looked at... I'd probably still be one by now as Vauxhall did a similar construction job to VW with that car (well, with those of them still around - early afternoon wednesday ones

of which my bro's is one) if you ignore rustable bodywork, and parts seem cheap. But the insurance is two groups higher as a minimum... plus steering is arm-breakingly heavy without PAS (another thing that can break down!) and the driving experience - well, can't comment on that, though it's quite pleasant as a passenger that doesnt mean much!
(or an oldskool-Skoda Favorit Estate "BlackLine", but lets ignore that

)