I bought a 1971 Mercedes-Benz 280S for $3,500 a few years ago. I've spent, maybe.... fifteen-hundred on it? And that includes tyres!
Funny thing is, you can buy a car that's mechanically identical, from the same manufacturer, and the same time period and everything but with two
less doors and
no roof and it costs
ten times as much! People are idiots.
It's actually quite cheap to run. It can get expensive to fix but thankfully there isn't much wrong with mine. Touch wood. Also, I can do a lot of work on it myself if I need to. When you the lift the bonnet all you see is a naked straight six and two carburettors. Granted, they're the most devious carburettors ever made but still, they're the only real complicated bits on the car.
My plan is to keep it forever and to just replace worn out parts as I need to. Surely that will be cheaper than buying a new car every 8-10 years.... Surely.
Plus, I've always got a nice S-Class handy. An ace in the hole as it were. You can't tell that I'm broke or that I don't bother to wear underpants half the time.
Oh and some day... just some day... they might go up in value.