Haha yeah, I know deep-down that the "right" choice is a Civic or Corolla if I want a car that I never need to do more than change the oil on. My fiancee's 2003 Civic that she bought new in 2003 has about 170k miles on it...has only cost her $2500 in maintenance. $600 for a timing belt change (inc. labor) and ~$1900 for all new shocks & struts (inc. labor). I spend that on the E30 in a year, easy. A VW...parts aren't any less expensive, but the goal would to buy one that doesn't need them all the time. A few friends have Jettas with 100k miles on them and they have been totally trouble-free. They are turbocharged ones too. As much as I would like the power, I would probably avoid a turbo model since those always lead to costly repairs down the road.
I know that I will miss the E30, and probably have days where I regret parting with it. It is a great little car, and basically nothing newer than it has the same feel. At the same time though, I just can't drive a car that I can't trust anymore. Really, there has not been a single time that I started it in the last 2 years where I wondered if that was going to be the time that it was going to strand me (and it has a few times).
I sort of painted myself into a corner here. Ignoring core charges, the cost of the engine was $12k. It was a "make it or break it" decision when I did it. Unfortunately, it just isn't going to work out and that was all of my disposable cash. I now need that money back so that I can use it to get a newer, more reliable car. If I had a house and a garage to keep a shell, I might consider doing that and rebuilding the old M42, but I would have just done that in the first place if I had a garage. Instead, the broken car has been sitting in my parents' driveway for 4 months and I have a nice 20 mile bike ride whenever I need to go work on it (my apartment does not allow car projects lol). If I had just gone with a $3k rebuild locally or something, then I could consider just having it fixed. But, I am getting married in 2 months and have been totally neglecting that because of the car. I also do not want to impose on my parents any more than I already have been.
My priorities have shifted a lot in the last few years, and there isn't really room for an unreliable old German car. The thought of parting with it literally makes me cry; it is the exact same feeling I have had when I had to take aging pets to the veterinarian to be put to sleep. You really don't want to and it kills you to do it, but you know it is the only right choice. It is especially hard to part with it since it is the basis for my user name across many forums, I have made tons of friends through the E30 community and the car truly is responsible for my career in engineering in that it got me interested in mechanical stuff and drove me pretty deep into electrical engineering.
Now, there is one possible "happy outcome." My sister drives an E36 318iS. The engine is good, but the car itself is a piece of crap. I am considering giving her the chassis and helping her swap her engine into it. I think that I would just need to swap intake manifolds, right? I would much rather give the thing to a family member than sell it to a stranger. I am not sure where I will find the time to do this, but it would be worth it to me.