Should I keep my 1984 Bmw 318i or buy a 1991 Honda Accord?

A paint job would cost more than the car is worth, however the other repairs are cheaper than changing cars. 91 accord same thing changing the transmission is also more than the car is worth. If these are your only 2 options(which I doubt). Stay with the BMW and live with the paint.
 
As an owner of a 98 BMW323is and a 97 Accord, I would go with the Accord. Parts are easier and cheaper for the Accord. 3 series BMW's are great cars, don't get me wrong...just a little more pricey to maintain.
 
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