Depends on condition. If the engine and transmission have been treated well and properly maintained, 300,000 miles is no problem. Depending on where you are, the most likely issue is rust on the underbody. Also, does the air conditioning work? Do the windows work? Does it have leaks?
Even with some rust, as long as it's repairable, $1,400 is a good price for that vehicle. In the US, examples of that car in good condition all around can go for $4,000 or more.
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