I owned a P1 for a year (not long, but long enough). First of all the looks are great and so to was the handling (firm and quite low - had to be very careful in multi storey car parks!) on the optional 18s. I had the Alcon brake conversion which was immense, can`t imagine how it would be on standard four pots (scary?). Bullet proof? I don`t think so, most are on new engines and my gearbox started leaking oil with 3rd and 4th needing replaced. I found driving at 30 a chore but once in its stride impeccable. Even doing 8k a year if you are going to go by the book then the service intervals are every 6 months. Like any tuned Impreza it will drink V Power like no ones business. I loved owning it, then when I bought the 03 STI I regretted selling it but when I got the 05 STI I knew I made the right choice and its my favourite Impreza to date. My advice would be to buy the lowest mileage, no more than 2 owners and standard or Prodrive options only. Good luck.