Speaking from experience wasting money on old cars :-)
I would ask firstly what possessed you to buy an Espace, were you perhaps drunk?
Secondly, what else is wrong with the car? I would make a full appraisal of whats looming as while spending more on this heap sounds madness, you may have fixed all the faults for now - for £3k you must have made some impression on it.
If you can get a couple more years outta the thing, you may recoup some value from it so I would say get the thing fully inspected, appraise yourself of all possible faults relating to these cars aswell as the usual and judge it on its merits.
Work out what its going to cost you to fix any outstanding faults, then balance this against what it would cost to replace it with something else, bearing in mind that what new car you buy may need a degree of work done too unless you spend alotta money on something very fresh.
Hindsight is wonderful and many may scoff, but Im sure you spent the money hoping it would be the end of it and the end never came, most people who have owned older cars will have experienced this, the trick is knowing when to stop.
My current car has needed a fair bit spending, but now ive fixed its little issues, is basically sound. Im not sure your Espace is though. I predict in 6 months time you will be here bemoaning a £5k total spend... me Im at £450 :)
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