Mmm, so you're one of the people who either doesn't recognise the condition of their vehicle or can't afford to do anything about it anyway.
One reason I'm reluctant to report cars (and I never have) is that I remember when I couldn't afford to run one, but had one.
So, what to do to protect deaf people from themselves?
One answer is to mandate 10 years for vehicle replacement, in line with parts supply.
You see, if you can afford it, there is no point maintaining vehicles to top level when, dollar-wise (eh, adverse effects?) it does not maximise your dollar value?

What's the value of a camry at the 10 year mark? What's the point of putting new parts on something that may only be worth 20 times the value of that part? It's highly valuably as transport (if you can carry the running expenses (keeps the current industry running).
Your type of vehicle is everywhere (but still a small percentage compared to the 12 to 15 thousand dollar cars that maybe you should have bought instead of taking the one you had to your mate - why did you take it to your mate? For the same reason I would, because you knew your car well) but no government is going to put it off the road because they want to be elected next time (or never, if they do it without announcing it ahead of time (eh Tony?) But the people who drive your type of car can't afford to buy a new one. What to do? Not follow America's lead, that's for sure. $3 an hour, if they're worth it.
The majority of people will not take it to their mate but front up to the people I've mentioned, who will do what I said. Good for business.
I know there really is safety involved but what I said is true. Past the 10 year mark, on to 15, cars become like yours. You know that. So we need expensive inspections each year? No we don't. Not until our cars become like yours and then those of us who will always do it anyway will get around the system.
And then we'll get on line and use ourselves as a reason to have people observe their cars for a nice little earner.
You could then blame me for the next crash, or any crash where a part fault is reported. Planes fall out of the sky occasionally, you know, and they maintain those.
You've described an older car. It's a pity that your mate hid all those faults from you.