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For any given year, the cheapest car will probably be a Metro. You could probably pick up a donor car for around $500.
If you want to maximize mileage, I would consider buying a second generation CRX HF. You can pick one up for around $1500 and drop in a d15z1 for an easy 60mpg.
If you buy a Honda, I would stay away from OBDII as you lose control over the ECU. Instrumentation exists for pre-OBDII cars and an opensource version is being designed as we speak, so that shouldn't be a long-term concern.
You'll save yourself the most trouble by buying a worthwhile car from the start. An overweight, aerodynamic abomination will only let you go so far. A Metro is a good choice if you spend most of your time in the city, otherwise a CRX + d15z1 or a Civic VX will be your best platform for a highway cruiser.
- LostCause
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