I'm thinking about buying a 1990 honda prelude is this a good choice?

I know next to nothing about cars and this will be my first.
It has almost 277 000 kilometers on it and has a rebuilt status.

I know that the odometer reading is relatively high but I was told that honda or toyota are solid cars that are still reliable even after driving over 200 000 ks.

Really I'm attracted to this car because it appears to meet all my needs and it is relatively cheap.
I really wouldnt like to fork out heaps of cash to fix any problems that may arise down the road.
Should I go for this or keep looking?

Depending on how cheap it is. All hondas are great purchases. Low and affordable maintenance. They easily drive past 300 thousand miles.

If you want my opinion, don't buy it. Japanese cars are one of the best cars, true, but the problem with Honda Prelude is that this cars are sport cars and most of the time the engine with 277000 kilometers are not good anymore. Of course you can take the car to a garage and let them look also. You can better keep looking, maybe you find the same Prelude with lower kilometers.

The only reason it's cheap is cause its rebuilt, meaning the car was in an accident before and repaired. You never know wether or not the repairs were done correctly so you run the chance of having a few problems here or there. I'm not gonna say don't buy it(I own a rebuilt title car, and it's completely fine though it did have a few quirks with leaky headlights and whatnot).

"relatively cheap" How much is the seller asking? I would offer ATMOST $1100 IF the car in in good mechanical/running condition(have a trust worthy mechanic take a look). If they are asking over that, walk away, plenty of other clean title cars out there forsale.

Even if the car is reliable you run into problems caused by the accident. For example it's super hard for me to do an oil change on my car since the underbody plastic tray is held on by ziptie. Taking it off would make the change a lot easier, but that means I need to replace like 10 zipties every 5,000 miles.