What are you going to be doing with the car? Is it your primary mode of transportation? Where do you live? What kind of conditions are you going to have to drive through? Do you have a nice extra pile of money to spend on upkeep and repairs?
When I was in college, a Porsche (or nice BMW) would not have been a good idea. My Rx-7 got pretty beat up by sitting outside, careless drivers, drunken idiots, ect. but it was a $2800 car, so I just figured it was going to be replaced anyway when I graduated so I didn't bother with cosmetic type repairs. Having a car you can afford to keep, not just buy, is a big key. Especially in college.
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