agree with the others. $350 is only going to buy something that will be more trouble than it is worth. not only will it be dangerous, it will also be a money pit. dont know where you are, but in perth, i would suggest $1000 would get you a reasonable runner.
the escort / cortina option is probably a good one. parts are cheap, and they are easy to fix simple things yourself.
You wash your car like it was your firstborn child, you tend to its needs like it was your own body, you protect it like it's your family, then you drive it like you stole it.
Weapons of rice destruction
2002 Ford Falcon AU3 XR6
1985 Ford Sierra XR4i
1980 Ford Escort RS2000