In March, Edmunds' Inside Line added a 1994 Mazda Miata project car to their long term fleet. They paid $1,750 for a white one with over 170K miles, in need of a tune up and a thorough cleaning. The Edmunds' blog is a good source for information on new cars as well as projects and cars of the recent past. The posts on the Miata are no exception.
But the blog also reveals some other things about the Miata; that even with 170K miles on the car, it's reliable and extremely fun to drive. How else can you explain why after owning the car for six months, they've done little more than upgrade the suspension and drive it?