One thought too is - how much of a car can you get for £1000 these days? In a sense, if you enjoy the driving experience (as I do) then the known old car is better than going into another used car of different make with different issues. My MG ZT has regularly cost me £600+ each year the MOT comes up, but the issues are sorted and then should last for a long time. The depreciation costs on a newer vehicle far outweigh the regular costs to keep ours on the road. The idea of buying a donor vehicle to use to salvage hard to get parts is a good one, if you have the space to put something like that.
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