It would record for the first 5 minutes, then at certain intervals or at certain conditions.
The car would give you FFT images which you could then look at and see how it changes over the years. No need for online-stuff, just an USB port where you stick in a big stick and software for your computer/tablet to evaluate/visualize it.
If you'd then see some problems, you could ask for the audio to be recorded with it, which you could send to a friend who knows about cars or to your car workshop.