I had purchased this car in Jan of 2012. It has 193k on the odometer. After being a Honda Mechanic for a few years, I was confident in the vehicle, but had seen very few of these. I had nothing but problems when owning mine. Within a few weeks, my timing belt had broke, and left me stranded. After rebuilding the entire top end of the engine, I drove it for two weeks when the clutch master cylinder and slave cylinder went out. Two days after that it was the TPS sensor. After repair almost everything, I thought it was safe to drive, and drove it for 4 hours and it would not start again, which is where I gave up. I suggest going to a VERY well maintained one, or finding another vehicle.
I've had this car for over 4 years, and I still love it. I bought it with 132K miles, and it now has 185K. The only problems have been a small oil leak and a worn out distributor. The sexy curviness of this car is way better than the ridged design of the 5th gen. Prelude. Criticism aside, I love the "funky" mid-dash display of the interior. The gauges are easier to read than some other cars that clutter the gauges in front of the driver. A few complaints include: the headlight components are a bit cheap, road/wind noise is more than abundant at highway speeds, rear visibility is less than adequate and the speaker covers are a bit flimsy.
I've owned my '93 Prelude SR for over a year now and what a great car. It packs a lot of punch for a four cylinder and it has incredible handling. I love having a car that I can drive like I stole it every day without any worries. The only problem I've had was the electric ignition igniter crapped out on me which was only a small and cheap repair. Honda should have never stopped making the Prelude!
I've had this car two years now, and have not had any problems. When I bought it in '03, everyone thought I had gotten a new car (not realizing the prelude was discontinued two years before). It's fun to drive, looks great, and is an all around perfect car.