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Good luck finding a clean E30 cheap. Good luck finding any BMW cheap that won't break you out of house and home.
Volvo 240 is what springs to my mind. The next best thing to a 123. They have a great 4 speed with an electronic overdrive.
Miata if you don't mind sacrificing practicality for fun.
3.8 V6 Camaro or Firebird. 20 city 30 highway. Great engine and a fun, simple chassis.
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