How long it runs depends on the setup and how the car is used and how well you take care of it, like anything else.

But the engine, transmission, and drivetrain on that car can easily last to 500k as far as I'm concerned.

I think the nickel and dime approach is a good bet for you. The newer cars are more modern to be sure but they have their own set of headaches.

You've got a really great ride for riding out hard financial times, esp if you learn to do the main maintenance items yourself - oil, brakes, etc. Those cars can be impressively inexpensive to keep running.