I currently have 2 cars. My daily commuter is a 1998 Infiniti QX4 (70k miles), with my second car being a 1993 SC 400 (134k miles). I purchased the Lexus from my brother a year ago for a deep, deep discounted price of $2,000. I love driving the car, however, I am trying to gauge whether or not this car is financially worth holding onto. I was hoping this community would be able to offer some advice/guidance on this.
The SC 400 has a few modifications, but nothing spectacular.
*Sound System: Completely upgraded. All speakers upgraded, I killed the Nakamichi Premium Amp when a cooler in the trunk leaked and had it replaced with a California 1000W. There is also a 10" custom box in the trunk powered by a 1200W California AMP. Sirius Satellite is installed as well.
*Injen Intake installed about 6 months ago
There are a few issues as well. Some are a minor annoyance, although there are several that make me curious as to how long this car will last.
*It sounds like one of the front wheels creak when I go over a bump. Bumps also tend to make the steering slightly erratic as well for a moment. Research on these forums point to bushings or a lower control arm that needs replacement. (Between $300 & $1000?)
*When the engine has been warmed up the car has issues starting. It tends to stall out, however, I can prevent this 95% of the time by quickly revving the engine to about 2k RPMs. Research on these forums point to a IACV issue. I've had this car at different mechanics (Non-Lexus) who hadn't been able to solve this issue. Have replaced spark plugs/cold start ignitor. Afraid this may only get worse in the future.. ($400 - $900?)
*Passenger Window moves veeerry slowly (regulator?) Not that big of a deal
*Tires and Brakes will need to be replaced in the spring
*134,000 miles
*Coolant and AC fluid leak
I'm wondering if it would be worth it to fix this up and hold onto it, or if I should sell it and save up for my next whip. I love the features this car has and fear that, even with a brand spanking new $35,000 car, I won't get the same quality as found in the Lexus SC 400 (It was a $55,000 car at the time). At the same time, however, I don't want to pump money into something that is only going to have more problems further down the line. Any suggestions/advice? Any help would be appreciated!
What I am considering as options down the line:
Keep both cars
Sell both and get an All-wheel drive sports car (in 2009)
Sell both and get a used wrangler and used RWD coupe (in 2009)
Sell the lexus only and save up for a new RWD coupe. (in 2009)