Damn, that's a great deal. And yea, $5k seems to be about the bottom of the barrel in terms of getting a decent car.

For my "daily" driver (I drive a few times a week and it's rarely more than 20 miles), I ended up buying an imported WRX on an auction site. Cost more than a used Honda Fit but it's a ton of fun to drive.

Don't forget, 2008 was before the "cash for clunkers" program that hit the used car market and drove prices up across the board.