Ok, so here's my vehicular history:
1. 1978 Lincoln Mk V. 278,000 miles when sacrificed to: mold. The interior was becoming uninhabitable. After that it sat in the driveway for 4 years becoming even more uninhabitable. When my cousing took it away, it needed: A capful of gas down the carb and a jump start. During it's service life it needed: A valve job and a set of rear calipers.
2. 1984 Thunderbird V6. offered for sacrifice at 192,000 miles. Failures: My own, for not realizing it was badly, badly abused when I bought it. Engine toasted at 95,000 miles and was *full* of coke. Not sludge, but hard-packed crispy oil coke. Apparently it never had an oil change in the first 60,000 miles. Tranny bought it shortly thereafter (110,000), again, factory fluid. $1000 engine and $800 transmission, btw. After that, no real issues until the $800 transmission chewed up a bearing or five, and I parked it. Was just too expensive to upkeep on a collegelife salary... 22mpg and pricey tires on my aftermarket wheels.
3. 1991 dodge shadow. Still have it @ 140,000 or so, odo's broken. This is the car that won't QUIT. The grand sum total of parts required to actually keep it running amount to a $10 head gasket and a $20 water pump, and if you count such things a $20 engine mount set. It's still on the factory clutch despite the last 50,000 miles of it's life being served as a runabout/thrasher/rallycross car. Popped the headgasket at 90K again due to previous owner abuse, made it 70m home, changed the gasket myself and no engine damage noted. Just a simple workhorse of a car. Downside: 24mpg, due to some inventive emission controls work after an engine fire. Again, my fault.
4. 2001 Daewoo Leganza. 96,000 miles, gone to the big wrecking yard in the sky. Ran like brand new, too. 30mpg on a bad day, 32mpg if I worked at it. Work history: required a $35 sensor at 50K, and a $400 trip to the dealer for an oil seal and a set of parking brake shoes. (uhm, don't play with the lever at speed, the parking brake really *can't* take it). Took a 65mph pirouette into the I-40 center divider and totalled. Only major defect was the home company's management and GM's involvement, it seems.
So yeah, a little elbow grease and smart repairs and anything will last a while, as long as you also toss in preventative maintenance and scheduled fluid changes.