For me it has worked, it totally depends on what people class as a 'daily beater'...but for me, in the past when Ive been short of cash and running two cars, I have bought a cheap car for about a grand. For example a mk3 escort or mk2 mondeo.
Reliable as anything, cheap as chips on parts and I do all my own servicing etc
Petrol costs are far less than that of a Supra, and I never care where I leave a daily beater (eg/ pub car park overnight) or get paranoid about what will happen to it.
Some folks are too ashamed about 'being seen' in a cr*p car like that but it doesnt bother me as I know what Ive got back in the garage
With that said though, petrol AND diesel are now so extortionate that even a 1.4 Escort is a £40 fill up..but it does last a lot longer.
Insurance, traders policy. Or a cheap quote from a regular insurer.
I think the public needs to get off their collective backside and start to really react to fuel price increases.....even if it doesnt go down in price, it might prevent further rises if the government senses national unrest.
Im in anyway