I actually own an 89' 4WS model, but this is close enough. No one gives the 3rd generation prelude good reviews. I have debated getting a new car for a year now, and cant stand to part with such an awesome car. I would reccommend to anyone.
My Prelude is actually a 1988 Si but the car was almost the same from 88-91. I bought it new in Sept 87 and still love this car, drive it to work every day. I bought a 98 but was never satisfied although it too was a nice car. The handling just wasn't the same. If I could find a brand new 88 Si I would buy it today. This car still looks good and drives great. I have had to do some repairs & replacement parts but with 220,000 miles it can be expected. Averages 28 mpg on back roads and some stop and go traffic. I guess they will have to bury me in it cause I just can't part with it.
I've had my share of fun in this car. I fell in love with it when I bought it. I've had my fair share of "used car maintenances" also, but the Honda engine is strong -- do not underestimate it. For a 13 year old car, it's probably the most dependable 10+ year old car I will ever own. I am currently looking forward to a new- er Prelude. I had so much fun with the third generation, that I know I will have a blast with the last (5th) gen. I am disappointed they are no longer making the prelude, but I will enjoy it, and keep my "new baby" as long as I can. For those that also have a prelude, have fun and ENJOY!!!