I now have two cars in the family. A 1998 Toyota Prado we have log book serviced through 300,000km that is going strong, but has no re-sale value due to a few dings and an interior that is in poor condition thanks to kids, And a 1998 Peugeot 306 that we bought cheaply recently for my wife to commute a fairly long drive 5 days a week that has 150,000km but a patchy service history (we have some receipts for work, but no recent log book entries).
Both cars seem reliable, and are worth less than $4000, so we are reluctant to spend any serious money on them. My feeling is that we should aim for another 50k-100 thousand km from both with just oil changes and fluid checks, replacing things like tyres and sparks as necessary, but skip major service stuff like timing belts and water pumps that have substantial labour costs.
We have savings in place to deal with a catastrophic failure where we have to buy a replacement with zero notice, so I can literally run these cars till they die if that is best (I think it looks like a good deal!).
So my question is, what scheduled log book maintenance can i skip with this approach in mind? I figure it is reasonable to keep changing the oil, but maybe at a slightly longer schedule, but skip stuff like replacing spark plugs until there is a failure. Timing belts are a gamble, maybe they will last, maybe they will fail disastrously. but as they are expensive, likely a "no". What else should I skip? Should I leave off an oil change till the dipstick shows black oil? What can I do to make these last years for my cars as cheap and nasty as possible without completely jeopardising reliability?
Oil and hydraulic fluid should be changed regularly. That stuff, along with brake pads and tyres are the only things I change in my turd car. Like you I plan to run turd into the ground but unfortunately she has had a new radiator and timing belt put in 40000km ago.