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I posted a few questions last week regarding my 2000 V6 Mustang that stopped running. I'm hoping to bother you again for one more piece of advice. Do I drop a new engine in the car or get another one?
The car I'm looking into purchasing as a replacement is also a Mustang - 2003, V6, 63,000 miles and it's a really nice car. Aside from running great, it's also loaded with a stereo system, leather interior, new tires, alloy wheels, dual flowmaster exhaust etc. I'm also getting it for a good price because I'm buying it from the same guy I purchased the first mustang from. He'll probably take my old car with the seized engine, part it out and chop some $$$ off the asking price of the new car, (which is more than I'd get from a junkyard) but I'd have to get it financed and that means another monthly payment and another $5000-$7000 of debt. And there's no guarantee that in another 6 months the engine isn't going to mysteriously blow up on this car.
The old 2000 Mustang I've had for about 5 years now. until now there have been little to no problems and I've kept up all it's maintainance needs. Like I said, I have no idea why the engine seized, but the engine won't crank anymore, the plugs are fouled with oil and there are little puddles of oil under the hood. I found a scrapyard engine with 51,000 miles on it for $600, and it's going to cost another $1000-$1500 to install it with labor and parts. Though expensive, that's a lot cheaper than just buying another car. But the vehicle has 120,000 miles on it, and the engine isn't the only expensive part that's gonna go when the car gets old. Who's to say the tranny won't go in another 20,000 miles costing me another few thousand dollars? At that point I could have bought the newer car with less miles. But the car has been outstandingly reliable the five years I've owned it. The car is also showing it's age with it's share of dents, scratches and chipped paint. It's quite the predicament...
Either way I would have to finance the car or the repairs, but I'm stuck on what I should do. I hate to say it, but I've become quite attached to my old car and it makes me sad to think about someone else taking pieces off of it and then crushing the rest, but I don't want that affecting my descision and that's why I'm writing this question. I know it's long - but if you could take a second to tell me what you think - what YOU would do in this situation I would really really appreciate it.
Thanks in advance
The car I'm looking into purchasing as a replacement is also a Mustang - 2003, V6, 63,000 miles and it's a really nice car. Aside from running great, it's also loaded with a stereo system, leather interior, new tires, alloy wheels, dual flowmaster exhaust etc. I'm also getting it for a good price because I'm buying it from the same guy I purchased the first mustang from. He'll probably take my old car with the seized engine, part it out and chop some $$$ off the asking price of the new car, (which is more than I'd get from a junkyard) but I'd have to get it financed and that means another monthly payment and another $5000-$7000 of debt. And there's no guarantee that in another 6 months the engine isn't going to mysteriously blow up on this car.
The old 2000 Mustang I've had for about 5 years now. until now there have been little to no problems and I've kept up all it's maintainance needs. Like I said, I have no idea why the engine seized, but the engine won't crank anymore, the plugs are fouled with oil and there are little puddles of oil under the hood. I found a scrapyard engine with 51,000 miles on it for $600, and it's going to cost another $1000-$1500 to install it with labor and parts. Though expensive, that's a lot cheaper than just buying another car. But the vehicle has 120,000 miles on it, and the engine isn't the only expensive part that's gonna go when the car gets old. Who's to say the tranny won't go in another 20,000 miles costing me another few thousand dollars? At that point I could have bought the newer car with less miles. But the car has been outstandingly reliable the five years I've owned it. The car is also showing it's age with it's share of dents, scratches and chipped paint. It's quite the predicament...
Either way I would have to finance the car or the repairs, but I'm stuck on what I should do. I hate to say it, but I've become quite attached to my old car and it makes me sad to think about someone else taking pieces off of it and then crushing the rest, but I don't want that affecting my descision and that's why I'm writing this question. I know it's long - but if you could take a second to tell me what you think - what YOU would do in this situation I would really really appreciate it.
Thanks in advance
