icemann:


Your car is worth about 300k (assuming) you want to spend 80k on it( I assume the engine is 50k+labour+accessories + other expenses= 80-90k)

So you spend 80k(and my go up to 100K if you decide to fix the steering) on a 300k car that's 1/3 of the value of the car .

But if you sell the car and add the 100k(repair cost) + find like 50k more you can get a better looking car at 450k.
450k wouldn't get you the best car but this time shine your eyes. do enough research before you make a move.

You can't be sure of the new engine because most cars of that model in the junk yard are over 200k miles. The chances of getting a good engine from the junk yard is low. My personal opinion would be keep your eye on the oil as you save for a newer car, let someone else deal with the fixing burden. Since you car is not smoking you would find a buyer.

Thanks. I'll do as you just said. I'm grateful bro.

icemann:


Your car is worth about 300k (assuming) you want to spend 80k on it( I assume the engine is 50k+labour+accessories + other expenses= 80-90k)

So you spend 80k(and my go up to 100K if you decide to fix the steering) on a 300k car that's 1/3 of the value of the car .

But if you sell the car and add the 100k(repair cost) + find like 50k more you can get a better looking car at 450k.
450k wouldn't get you the best car but this time shine your eyes. do enough research before you make a move.

You can't be sure of the new engine because most cars of that model in the junk yard are over 200k miles. The chances of getting a good engine from the junk yard is low. My personal opinion would be keep your eye on the oil as you save for a newer car, let someone else deal with the fixing burden. Since you car is not smoking you would find a buyer.

And they were beefing me when I said buy new engine.

Bro I love your analysis.

GAZZUZZ:


And they were beefing me when I said buy new engine.

Bro I love your analysis.

Thanks

But buying new engine would not help.

Cost of car before new engine = 300k
Cost of car after 80k to 100k repairs = 300k

So where is the economic advantage of the new engine?
If he wanted to keep it cos of sentiments (ie classic cars or child hood fantasy) you don't do an economic analysis on it

Thanks boses. I'm greatful. I'll do just as you suggested. Thanks

GAZZUZZ:


And they were beefing me when I said buy new engine.

Bro I love your analysis.

I said buy a new car! Am right after all.