I'm not a safety nut, I let my kid drive around the Miata sometimes, but for a daily, I'd want something a bit newer, with ABS, and airbags, and reasonable crashworthiness that I can count on to be reliable at least. My son did most of his early driving in a 2010 Prius, which I think was a perfect first car. Slow, but not dangerously so, efficient, super reliable, old, and cheap enough not to fret about.
If you want her to get to drive a fun old car sometimes, then get a fun old car you will both like and share it with her when it makes sense. But this thing seems like a penalty box for penalty box's sake.
If you want an old V8 wagon, then get yourself an old V8 wagon.
Also, remember that you will have to deal with every little thing that goes wrong with this. When it won't start at school, flat tires, when it dies by the side of the road, all of it. While I grew up with dodgy old cars that weren't guaranteed to start every time I went out to them, it was out of necessity. If you can afford something a little newer and better for your daughter, you should do so.
If you want her to get to drive a fun old car sometimes, then get a fun old car you will both like and share it with her when it makes sense. But this thing seems like a penalty box for penalty box's sake.
If you want an old V8 wagon, then get yourself an old V8 wagon.
Also, remember that you will have to deal with every little thing that goes wrong with this. When it won't start at school, flat tires, when it dies by the side of the road, all of it. While I grew up with dodgy old cars that weren't guaranteed to start every time I went out to them, it was out of necessity. If you can afford something a little newer and better for your daughter, you should do so.