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When I got my license, I had a 1995 Geo Prizm that I affectionately called Dumpy. The paint was peeling on it, and I ended up removing the front quarter panel after a deer jumped into it (deer was walking on the side of a country road, I slowed down to 20mph, got over to the other side of the road, and it decided to jump headfirst into the side light as soon I got parallel to it). Still 100% reliable for years, and it was a manual, so no one tried to steal it, even when I managed to leave the key in the door in a city for 2 hours.
Some cars aren't worth fixing. Dumpy was $1200 in 2010. Why would I spend $500 repairing the bumper, and $2-5k repainting it?