If your budget is genuinely only £1500 to £2000 then forget about your mid-life crisis car till you have a few more thousand to spend, you say you want a classic car?, so that means one of at least 20yrs+ in age and with such a tiny budget you’ll get nothing worthwhile – believe me i’ve ran nothing but so called classic cars for years and if it wasn’t for the fact i’m a mechanic to trade with extensive welding experience and a fully equipped garage with 4-post lift/spray booth available whenever i like then i’d be tens of thousands out of pocket.
As an example to dissuade you from a folly that will ruin your life i bought one of the very first MK2 8v Golf Gti’s to arrive in this country in 1984 back in 2010 for £1500, i had spent 6 months searching for a good original early MK2 and out of 20 odd cars i looked at this one was sensibly priced and one of the more solid examples, i ran it for a year then put it off the road and stripped it back to a bare shell and set to work replacing the floor, inner arches, outer arches, chassis/suspension mounts and other extensive welding was done at the time, everything was replaced with OE VW parts apart from the brakes, suspension, anti roll bars, bushes which were all uprated, Ball joints, cv joints, track rod ends, steering rack and every bolts & washer was replaced for new. The bill for all the parts alone came to well over £4000 and as a treat to myself and the car i managed to source and import a 2.0 16v fast road engine from ABT tuning in Germany at a cost i’d rather not mention, if you had to factor in the time that the car was off the road (1 year) whilst the work was being done and my skill/labour times then it would have cost a small fortune to bring up to such a standard and you simply could not afford to pay a garage to do this work for you.
If you buy a classic for £1500/£2000 it will be a dog, if you buy a dog and you have a fully equipped garage and you are mechanically minded with the tools to back it up it will only cost you a small fortune to repair to standard where you can trust it enough to drive your family round in it, Don’t do it unless you have many thousands spare to keep it roadworthy.