I BOUGHT a 1992 KH Ford Laser in 1995 which had done 60,000km and now has 365,000km on the clock. I have had no major mechanical problems, and apart from replacing tyres and brakes, I recently had a new clutch kit installed. It drives very well, but I wonder how far it will run before the engine blows up. The motor does not use any oil and has been serviced regularly for the past few years. I am thinking of buying a new Holden Astra in the next six months as I believe this car to be tried and proven.
I CAN'T predict when your engine might expire, but you could get a guide by having a mechanic check some of its vitals. You say it drives well and isn't using oil, which is a good sign. But check to see if it's blowing smoke under any conditions and have a mechanic run a compression test to check the state of each cylinder. If all that comes out positive, I wouldn't be concerned about the engine giving up in the near future. As for the Astra, I have no problems recommending it.
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