So what would you do, sell it at a reduced cost because of the work in mind and then where will that get you, you won't be any better off. I don't understand the mentality of "won't pay X because the cars only worth Y" it's not about what the car is worth it's about what can you afford to do.
You could go plough money into a newer car and still be riddled with faults that end up costing just as much.
As i said horses for courses, clearly people are reading far too much into what i'm saying and getting the hump about it. I've had 3 MK2 Clios, a brand new 1.2 16v 53 plate which was my frist car 10 years ago, a 55 plate 182 a year a half later, an R27 after the 182, an absolute heap of shite 172 (the de-phaser pulley failed on that), now latterly the 200, TBH i'd NEVER own another MK2 clio unless it was a mint 172 Cup in iceberg, the standard 172s are IMO a bit lacking after the 182 with cup bits and the R27.
It's an age thing as well, generally speaking the older a car gets the more faults and issues they seem to develop, granted not all new/newer cars are flawless either, so i appreciate what you're saying from both sides of the table, spend money on an older to sort the issues, or plough money into a newer car which may also have issues, although newer cars tend to come with warranties to solve these issues without costing the owner any money.