I bought a 130K '93 ES300 with what I thought was leaking valve cover gaskets. After further examination, I am convinced that the car has more problems -- specifically two blown head gaskets and probably a rear seal. Stupid decisions alway have a story, and this one is no different.
The car overall is not perfect by a long shot, but I did not overspend. I had already anticipated fixing the instrument cluster, new tires and doing the struts and brakes. The AC has been converted, the exterior is good, all of the interior bits work, never wrecked, etc.
My choices are, as I see them:
1) Clean the engine and sell it to someone as dumb as me (not really something I would do)
2) Do the work myself. I have rebuilt 70's RWD twin cams, but the FWD is an intimidating prospect.
3) Buy a JDM engine and transmission and hire someone to install. I don't have the equipment to do it myself
4) Write the car off
So the costs are, as I see them:
1) ArmourAll, Purple Cleaner, water, and a guilty conscience
2) Fourty or more hours and an iffy job -- either it will be bulletproof or it will run less than 1000 miles (see #1 above)
3) $1000+ for the JDM set on ebay, plus $200 shipping, and, what do you think, $1000 for installation? And which JDM, the 3FVEZ or the later model?
4) What can I get for the car if I precent it honestly? $1000?
I bought the car for my daughter to drive sixteen miles round trip to school, so this is not a "send and pray" type of application. In need to get the car into relaible shape to do five thousand miles a year for the next four years.
Your advice and experience are appreciated,
JM