Four weeks ago, my 18 year old daughter crashed my 1995 Ford Ranger 4 wheel drive truck on the first icy day of the winter. Luckily she was ok but she killed the truck. I since bought a new truck for myself but here is the issue. The vehicle I was driving prior to her crach and she is now driving due to the crash is a 1999 Toyota Sienna Minivan with 280,000+ miles. This vehicle has been a great vehicle other than a slow oil leak in the engine until lately when it is clear that the transmission is about to fail any day/week from now. I have had quotes to replace the transmission from $2,000 to $3,000 well above the trade in value of the vehicle. I have looked around for used cars in the area in the $4,000 range for my daughter but have only found very used (150,000+ miles) used/junk cars.
So the the question I have for everyone:
Is it more cost effective to buy a very used car and risk taking on someone elses issues or get my transmition replaced?