Tape vs Digital Camcorders

Don,
I am pretty new to creating videos but I just purchased a high-end vhs camcorder off ebay for $60.00 + shipping. I will purchase a converter next week for around $80.00. I will then have the video on my pc in digital form. From there I can do what I want with the video (but it will take a few extra steps).
I think that getting a higher quality vhs camcorder was better than purchasing a lower quality digital. But I will also keep an eye open on craigslist for a digital to throw in the car just in case the need comes up. I don't know if this is the best route but it is an option if, like me, someone has a limited budget.

Scott S.