Better to live in an area where this is not a problem or carry insurance.
My fear is spending a lot of money on a sweet car and then having it stolen right away and, yes, I should carry insurance but making insurance claims is time consuming and inconvenient. Not to mention the fact that it sucks to have to pay deductible for being a victim of car theft.
Sad because it's stupidly reliable and in great mechanical condition, I expect it to run another 15 without batting much of an eye if properly maintained.
Ironically if it were older (like, > 30 years old) I'd be able to keep using it, as it would be considered a collector car (... provided it's vetted on a case by case basis by local authorities).
But then other regulations would take effect like max mileage per year and limited allowed range (e.g leaving local administrative area), which you can only exceed with more vetting from local authorities and under specific circumstances (e.g participating in a collector car showcase)