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I mean that's true, but to be fair they're pretty reliable and things don't go wrong on them all that often. The net cost of ownership is still a lot less than any modern new car - and roadsters are a lot of fun for the price.
I dunno. Depends on how old it is. My car had about 180,000 on the odometer--100,000 on the engine, since the engine was subject to a recall--and it was having a lot of weird issues. None of them were engine issues, but they really added up. When the clutch failed completely--probably a clutch master cylinder, given that the pedal went right to the floor--I threw in the towel, since it was going to cost more to repair than the car was worth.
On the other hand, I still see early/mid 80s 3-series cars on the roads.
I am with you here. I have a 2003 BMW Z4, not as expensive as people expect it to be, fun to drive and have had very few problems with it. 114k miles on it.
Though I have not had to do any major fixes on it I do sleep better at night knowing that I have several friends who are car guys that have all the equipment and tools to pretty much fix anything on it, within reason.
Also, lots of enthusiasts for those cars out there, plenty of forums with 20+ years worth of documentation from people fixing their own roadster and helping others fix theirs. Small car, physical buttons and controls, well engineered, fast, fun and reliable.
I've been thinking about getting a used Z4 next when my current Z3 dies. Early 00s Z4s are barely more expensive than Z3s these days and they are unquestionably superior driving machines - I particularly like that they don't use the same rear suspension as WWII-era Soviet trucks like the Z3 does. I honestly don't think they're as attractive, though.