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[Strum]

This thread is old and you probably already made your decision, but I will insert my "IMHO"

If the body is in decent shape and the engine is strong, I would spring for the $1500. If you went out and bought a car for $1500, chances are you would be putting some kind of money in for repair in 6 to 12 months.

I purchased a 96 for $1400 to $1500 (don't recall exactly) and it has some rust and needs the a/c repaired (haven't identified exact problem). I also have a 97 that I purchased for $2K, no rust, good engine. At the moment I'm trying to figure out why it won't start.

I agree with everyone here suggesting do as much of the work yourself (it's a second car, you aren't dependent on it). I also think the estimate is high, but I could be wrong.

As for 124 miles a week to get to work, I'd kill for that low of a distance. I drive 80+ round trip per day (the "+" is if I go to lunch, but gas prices have curtailed that.

This is sort of my thoughts in general when faced with this type of decision, so it could imply to a number of people.

Oh, and once it's done, you know exactly when it was done and don't have to worry about the age of repairs that you might if you decide to buy another car instead. Of course this whole view would change if you were to stumble on the deal of a life-time.