My son in law laid out $300 on a 1990 Corolla SR5 on a whim. $300 at a Honda dealer who had a special 4 hour-- get rid of the crap sale. Other than a bit of rust on one wheel well it's remarkably clean inside and out.
A post-purchase inspection indicated bad clutch, no air, bad pan gasket, and a weeping around the head gasket. I asked the mechanic if it was blowing coolant and he said "it didn't look that bad". I thought any head gasket problem was terrible. He only drove it about a half mile to the nearest garage so I have no idea if was overheating or not. If the head gasket is cooked I'm sure we won't be able to even license it because of pollution.
Anyway $300 bucks in. Cut losses or try to fix?
1. Does this have FI or an overly complicated carburator. I only looked under the hood for a couple of seconds but it seems like a small version of a FI Camry engine from the early 90's. I did try to look up the engine in carparts.com and apparently there's none left at any wreck yard in the country. I looks nothing like I remember a 92 Prizm that my daughter owned about seven years ago.
2. The garage quoted me $450 for the clutch, plus $130 or so to Autozone for the clutch and rear seal. I went down today and told them to hold off on any repairs until after I rechecked with my son in law. When he bought the car he thought it had a 2 liter engine like the Camry he has (no transmission on that), not the 1.6 that it really has. I think they said about $550 for a head gasket... then what??? They also reported a clicking sound in one cylinder. The oil level was below the dip stick. I'm thinking about taking about 3 quarts of SuperTech 10w30 that I have laying it around and dumping it in. Also paying a few more $$$ to get a compression check. They didn't do that in the $30 pre-inspection.
I could easily see putting about $1200 into this car and having nothing to show for it. And that's without airconditioning repair.
On the other hand it is in very good physical shape and is an attractive little car.
Fix it or cut bait and lose three hundred bucks?