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1. I like old cars so that doesn't bother me 2. I wanted a beater so I don't have to worry about my celica getting hail damage. 3. It's a honda civic, it will be here long after I'm dead. 4. It was super cheap 5. It's going to look dang good with a bit of work and money put into it.
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Because it will run for forever and a day if you maintain it.
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It's cheap and some people like OP get enjoyment out of working on cars.