I have an opportunity to purchase a 1991 Nissan Sentra for $1000. The gentleman selling the car acquired it from the estate of an elderly woman that purchased the car brand new. The car only has 54,XXX miles on it. The problem is that the car has an “internal transmission problem” according to the mechanic that inspected it for me.
I can purchase a transmission, with 74,xxx miles on it, from a salvage yard for about $200 with a 90 day warranty. I have a transmission shop t flush the transmission, change the seals, change the filter and install it for $425. This would mean I would have $1625 in the car.
Alternatively, I can get a transmission, from Japan Direct, with 22,xxx miles on it for $575 and pay the same shop $425 to install it. Total $2,000.
I would love your opinions. Does this seem like it would be worth it or would you walk away.