After being the only survivor of a car accident that killed two of her friends, Mary Henry is haunted by spirits and is frequently drawn to a nearby abandoned carnival, where she discloses a dark secret. This classic film is cheaply made, grainy, and has a pretty basic story line, but this is one effective film if you're into dread. It was remade in 1998, but it couldn't even stand in the same room as this classic's candle. Not a big gore or special effects peice, but if you love having that uneasy feeling after watching a good film, get this movie!
P.S. if you REALLY broke, This film has fallen into the public domain and can be freely downloaded from http://www.archive.org/details.php?identifier=CarnivalofSouls