I've owned two 240's so far:
a 1991 black Hatchback manual
a 1995 red manual
Both were "project cars", and interestingly both cars were destroyed by collision, without me in them!
On the 91, I let a friend borrow the car to get lunch, and he got rear-ended at 40mph by an SUV, turning the back end of the car into lunch meat. I got $3800 from the insurance company on my total loss (bought the car for $1500 but they couldn't find a replacement car for less then $4000 that looked like mine...
On the 95, it gets weirder. After the 91 was killed, I searched 6 states for a newer 240, even flew across the country twice looking at cars (to be disappointed both times), finally I found a decent red '95. I had this car about two weeks, and then it got hit too! A lady was backing her HUGE pickup into a parking spot, and literally plowed the entire left rear of my car into oblivion. My 240 was stuck to her bumper and tow hitch, and had to be separated mechanically. This strike destroyed the rear fender, totaling the car. Insurance paid about $3800 again (thank God both of these incidents were not on MY insurance), and I bought the car back for $400, then turned around and sold the car for parts to a nice guy for $1500.
After that, I bought a friggin' bike, because I felt 240's were cursed for me.
They're great cars, but I'd be more excited about an LS swap with an old RX7. That would be one of the most exciting projects these days, or maybe a Daytona kit car. I've also owned two project MkIII Supras, and while they are money pits, they can be very, very fast.
