Should I fix up a car which is over 200,000 miles for 500 dollars?

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reveryjim16

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I have an offer for a Toyota. (1997 Rav4) It is a dream car I always wanted, however it is in poor shape. It needs a new timing belt and the engine might need a new head. The paint is also bad. It needs back seats. I question whether or not I should put effort into rebuilding the car rather than buying a brand new one or a used model which is in better shape.

Thanks!
 
Do the math. New one costs 40 billion dollars. A used one in better shape may not be around for under 20 billion.
If you do the work yourself - at least the evaluation to whether the engine is ok --that is if the timing belt is not broke it should be still OK, meaning even the head is OK. As you said MIGHTneed it.(and it might not) Engines are swapable. Rusted out body is more of a problem.

Question yourself - why are you even looking at it? Do you have a desire to be strong in mechanical abilities or would you like to be able to try to do other things as well?(autobody, upholstrey) Any "gurlie" can drive and pay others to fix things. There is something about fixing your own that gives you a sense of pride and accomplishment.
It does not NEED paint right now, it does not need back seats right now. They come when you find them. I have lucked out many times"wheeling and dealing" and have gotten stuff for free which I could put to use.
I have learned other stuff along the way and can rebuild a car from the ground up, including upholstrey and autobody work. Painting is easy. Where are you gonna get the practice for free? I didn't have all the tool right off, but slowly acquired those as well.
Paint job. You could go for a sprayed autobodyshop finish - but if you end up driving the thing in the bush, the deer don't care what it looks like. I priced out the paint and reducers for one of my cars and found that I could buy Acrylic enamel in spray bombs for $2 apiece....so I just wanted to change the color from silver to yellow./// 14 cans later The car was repainted, no runs, no misses, an even shiny coat in yellow with a store full of touch up paint should I need it (whenever that might be). That stayed on the car until I sold it 5 years later. I don't care after it is gone. Proper prep is the key. Painted a section here, a fender there and in a week or so had it done. Would do it again. No wash up of equipment. Sweet.

Put it this way...what else you got to do. Answer questions on Yahoo answers which ain't worth the paper you wipe your butt with? Or play video games(just as useless)
 
It would cost you more in repairs and restoration costs that it would to just buy a car in drivable condition.

You are talking about several thousand dollars worth of repairs just to be able to drive this vehicle. Pass on this "deal"
 
It's a toyota so no I wouldn't bother. But since it's your dream car you have to decide is it worth it to you? Will you do any of the work yourself or will you just be paying other to do it? What ultimately do you want to do with it? Will it just be something to get you from point a to point b or a weekend toy? Answer those questions and then you'll know.
 
Toyota's have a great rep but, it sounds like you will have about $2000 invested in a $1000 car. The paint and engine alone will cost alot and my guess is it needs more like brakes, tires, intetior, etc.
If you were my kid, Id suggest a pass.
 
timing belt=$300, head gasket=$800-1200, back seats=$50-400, do the math and you decide, oh yeah, paint$300 at eral sheib(very cheap paint)or$1000 for decent paint and thats given if it dont need body work , wich im sure it does, do the math
 
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