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Old 08-20-2006   #1 (permalink)
mevans is offline Rookie


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Default Newbie, Should I invest in or sell?

I have a 96 3.8L conv. that I have had since new. She has 240k miles and still going but not sure why. My son will be 18 soon and going to college. I am considering getting him a new used p/u for 6 grand or investing that into rebuilding the engine and spicing up the car with ground effects rims and tires and paint. Are these 3.8L good to rebuild? Can it be switched out with the 4.6L or 5.0 and use the same Auto. transmission? It needs to be reliable but fun. So far she has never let me down. Just oil and tires, alt. water pump.
What do you think?
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Old 08-24-2006   #2 (permalink)
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How is the body holding up? It's a beautiful car, I would keep it. Why don't you buy him a reliable car for around 3k, and keep the balance for the car is case something lets go in the motor? Better yet, buy him a $50.00 car, and keep the rest for you.
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Old 08-24-2006   #3 (permalink)
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Quote:
Originally Posted by mevans
I have a 96 3.8L conv. that I have had since new. She has 240k miles and still going but not sure why. My son will be 18 soon and going to college. I am considering getting him a new used p/u for 6 grand or investing that into rebuilding the engine and spicing up the car with ground effects rims and tires and paint. Are these 3.8L good to rebuild? Can it be switched out with the 4.6L or 5.0 and use the same Auto. transmission? It needs to be reliable but fun. So far she has never let me down. Just oil and tires, alt. water pump.
What do you think?
It would be cheaper to just drop in a newer 3.8L/4.2L the engines are cheap as heck, and, as you've found out, are duty rated at 200,000 miles.

you could swap in a newer low mile engine/tranny for around $1000, brace the chassis, and have a car ready to go for another 200,000 miles with next to no payment. just change all the fluids, and have the car's structure checked out.

You could save the remaining $5,000 for a good paint job, or put in in the bank and draw interest on it for any unexpected repairs you may need -or unexpected college costs.
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Old 08-28-2006   #4 (permalink)
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Some of those unexpected college expenses usually come around when he finds the local club/bar or hot spot, it can get pretty intense when your credit card gets maxed withing the first month at the strip on alcohol......or was that just me.
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