If you have a car and you continue to fix it every time a problem occurs, why can’t you keep the car and drive it forever as-long as you have to money to fix it if something goes wrong?
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The only scenario I can think of where a car is “gone” is if it’s rusted away to the point where you would effectively be buying a duplicate of it to “repair” it. Even then you can still make patch repairs but eventually mainstream (ie no interest to a collector) cars becomes worth less than the expense of the repair. No one is going to spend $2000 to put a new engine in a 1993 Camry with 700k miles…just go buy another car for less money than the repair.
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