Absolutely. I have a 97 4Runner that I purchased for $3000 5 years ago. It used to be my daily, but now I just use it to haul my dogs, trash or parts around. Will eventually replace with a 14+ Toyota Tundra crewcab, and will keep that as a forever car.
The X2 is the actual daily, and the other ones are for fun:
To those that argue against having a beater car, it just depends on your circumstances. I'm pretty sure you would not want my lab and golden retriever after they've rolled around in mud at the dog park.
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Current:
16 F82 M4 GTS, Black Sapphire/Black, DCT
08 E92 M3, Sparkling Graphite/Bamboo Beige, 6MT
07 E85 Z4M Roadster, Alpine White/Red, 6MT
99 E36 M3, Techno Violet/Dove Grey, 6MT