Take my '91 420SEL: it has about 190K on the original engine. We've had it for a decade, put on about 90K of the total miles.
Pacific NW is a pretty mild climate, but not as mild as Santa Cruz! Powertrains can last a long time: I'd service the tranny (if it happens to be an automatic) religiously as that's more likely to go South than a good-running engine.
Being a little O/C re: oil & oil changes I've used 5K OCI's with 15W-40 HDEO, three 15K OCI's with AMSOIL AME 15W-40 changing the filter out @ 7.5K intervals and topping off, and am now into a 3 X 6.66K OCI using a 50/50 blend of 20W-50 MaxLife & SynPower.
My last two tanks of mid-grade averaged 21.0 and 20.3 mpg on a mostly highway run. I'm overjoyed! My belief is that if your 15 year-old car still gets gas mileage as good (or better!) than it did when it was a couple of years old DON'T FIX IT IF IT AIN'T BROKEN! Maintain it, but don't go screwing around.
Way back I bought a 2nd W126 sedan (my '88) that I knew had just received a complete top end rebuild (heads, timing chain & guides, water pump, etc.), a/c work and a tranny rebuild. This was thinking it would make a great parts car and possible engine/transmission donor if something catastrophic happened. Turns out it is WAY, WAY too good of a car to not drive. I'm looking for better leather seats front & rear before I drop $1,500+ for new leather seat covers. That's almost as much as I paid for the car, BTW.
The O/Poster does not indicate what kind of 18 year-old car he drives, but if everything is working good and you like the vehicle (collecor or sentimental value, or just a car you happen to really enjoy!) I'd start looking for a "donor" car with a documented service/repair history for the powertrain, or put a $100 a month into a savings account for future powertrain repairs.
Did I mention that if you have a good donor car you can pretty much do away with collision/comprehensive insurance on an older car: you'll never get what it is worth from your insurance carrier and having all four clips, replacement glass, etc. can make a rebuild a breeze.
Cheers!