Thanks for all your pointers.
New things to think about: emissions & safety.
The 940 has no airbags, or abs. It has a cat converter, and the tail pipe is always clean so particle emissions I guess are low. It doesnt use oil. It does leak it though (front and rear seals need doing i think. d'oh). I have no idea how it would compare to the 1 series on CO and CO2.
The 118 bmw has enough safety stuff. It is euro5 diesel. The tailpipe is always clean as the dpf properly functions.
Someone also made a point about memories... which is important to me as (when allowed) do lots of roadtrips. And a semi-sketchy vehicle is always fun.
As I still can't decide (mrs suggested to wait a bit), I have cleared the garage and put it inside so it stops killing the front grass.
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Current - '22 XC40 Recharge.
Past - '86 240, '94 940, '07 V70, '91 940, '12 XC70, '06 S80 V8
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