It's a second car, definatly wouldn't use it as a daily drive, I bought a cheap focus at the same time for that. Reliability is always a possible problem but it's has all of the common fixes done and anything else the RAC card is for
it's a case of the fun outweighs the risk.
Colour is called Spectraflair Silver it's one of those that changes in the light. Not cheap if it gets scratched, I think they quote several hundred a litre for the paint. The silver is more subtle than some of the others so easier to live with.
Next plan is driver training.