Us old farts might sound like we're trying to dissuade you from getting a 40 for some reason - we're really not. This conversation would be the same if you wanted an MG or a Chevelle or a Celica. They can all be great cars and can be found in various conditions for a wide range of money. And almost every single one of them will need constant attention. But, yeah, we all know somebody who has friend who never even changes the oil and has driven 100k miles. And sometimes that's true. But we'll never meet that guy.
Things are pretty different for your generation than it was 20-30 years ago when a lot of us were in your place. There wasn't as big a difference in an old car vs a new car - just price. Safety, reliability, MPG, and parts availability were all pretty much the same. My friends drove old cars because they were affordable; some had the benefit of being really cool, too. I was lucky enough to have a couple year old Oldsmobile wagon that I knew would start every time. The two things I learned how to do from my father on cars was change the tires and take it to the shop for anything beyond that. Now, my friends taught me how to push start a manual, deice a windshield with the leftover morning coffee, wring out a wet floor mat, blast the heater in 100F to avoid overheating, be brave enough to hold two bare ends of a jumper cable (no clips) to the battery during a jump, and all kinds of other legitimate or stupid things. And my Olds wagon? I ran it 3 years until 52k dealer serviced miles when it showed the same signs of catastrophic failure that 2 previous Olds' had. My dad wasn't going for that again and we unloaded it for a new S10. Point is, my couple year old car was gonna be as unreliable as an old beater was.
Fast forward to today. Safety, reliability and MPG are phenomenal on even a 10 year old car from many different brands. Creature comforts are there, too. I'd say my '97 Hyundai costs less to run and maintain per year than my 40 takes in just fuel for half as many miles. And an '07 is so much nicer. I'd love to upgrade!
My point there is this: I've got an old Triumph, an old 40, and an 80 that's probably older than you (and is my nicest car) that are all kept in good order, so that's a lot of vehicles plus my wife's Lexus, but I wake up every day knowing that my Hyundai will run and have AC and heat and wipers and defrost and seat belts and airbags and ABS and .... I trust my LC's to run but I have a backup plan anyway. Almost every bit of maintenance and repair is new to me - I have to learn how to do it first so it sometimes takes a while before I get it right. I know the Hyundai will get me to the parts store and beyond in the meantime.
PLUS, many of had to wait until our 30's or more to get our first Cruiser so we'll hate you if get one now!!!



But we'll still help you out with it and be happy for you.
--john