I'd agree with the others on here, in that a lot depends on the condition of the car and what you are planning on replacing it with.
If £3000 gives you an A1 car with no other expected issues, that could be seen as decent value, compared with spending £3000 on something similar but unknown to you, that you could end up having to spend on. However for a car of that age and mileage there's no guarantee you won't have further bills, and you could be in the same position in a year, so it's still a gamble keeping what you have.
If you're planning on buying something a lot newer, you'd expect it to be more reliable, with fewer unexpected bills, but there's obviously more initial outlay, and right now is an expensive time to be buying a car, but who knows when/if the market will drop.
So no "brilliant ideas", probably just the same thoughts that have been running around your head.
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