The Money Mustache Community

Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: navystache on September 23, 2013, 07:50:39 PM

Title: Car problems, advice..
Post by: navystache on September 23, 2013, 07:50:39 PM

I have a 1994 Toyota celica.  Its worth 2500-3000 in good condition.  But it's burning tons of oil and will need a total engine rebuilt and has body damage.  I have never rebuilt an engine but my friend will do it for 350 outside of parts and machine work. total will be around 1000.  If I sell it as is I think I may get 1400 for it.  Should I dish out the money to fix it or sell it?

Title: Re: Car problems, advice..
Post by: gooki on September 24, 2013, 03:01:50 AM

What would you buy if you sold it?

Title: Re: Car problems, advice..
Post by: navystache on September 24, 2013, 03:56:23 AM

Not sure.  The celica lift back can fit a lot of gear including 2 55inch TVS I hauled for friends.  I would find another frugal car with 2000 or so.  But after the rebuild it should be good for another 200k.

Title: Re: Car problems, advice..
Post by: Self-employed-swami on September 24, 2013, 05:53:14 AM

I'd rebuild the engine, and keep rocking the celica for another 5 years, but I'm a Toyota nut.