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i commend you for being able to save like that. there are many "adults" that dont even have a pot to piss in because they cant hold onto a penny. in the long run you need to do with what you feel comfortable with. however just keep in mind that the insurance could be close to 300 a mo for that car. when i was your age i had a 4 year old s-10 with a 4cylinder in it and was paying close to 200/mo.
also when you do go to college are you going to want to leave an ss outside all day in a parking lot?
would you consider a 1ls or a 2ls? either of those you can get for 20-22k new
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