My first real car was a '78 MGB. I spent years and thousands on that thing! I lived it, breathed it, blah blah. Can be a fun little car, just don't expect much and you won't be dissapointed
I think I blew my "hotrodded" MG motor 4 times
On the upshot, you can literally build one from catalouge parts and the parts are cheap. Have fun and best of luck.