Ok heres the story, after a 40mile trip this last weekend up the highway I pulled into a town to check on my parents house that is for sale. I currently drive a 1975 242 Volvo. Well as I got off the highway the oil light came on in my dash and I figured ok I need gas anyway I'll be sure to check it then since these lights usually come on when you are getting low. Well after a stop at a light and a half mile later I smelled smoke and the engine started to drag. I immediately turned it off and coasted to the side. I was freeking out because I knew that car had oil, i topped it off a week ago. Well I pulled the dip stick to check, smoke was coming out. I naturally yelled, screamed and kicked the snow in a blaze of colorful language wondering how the hell this happened. I then attempted to put some oil in to help cool it down and then noticed the puddle forming under the engine. I thought oh shit I blew a hole in the engine and didnt hear it. Looking under neath I saw that my oil drain pulg was missing????? Anyway I got towed home, put in another plug, oil hand turned it and slowly cranked it until I felt safe enough to start it. it started fine and still seems to run fine.
Now Im concerned that even though it seems fine, probably because i stopped it fast enough to prevent extreme damage, I should probably sell it soon and get something else in the event it decides to die due to the damage it did get. Because dead I might be lucky to get $50, alive at least $500.
So now Im looking into another Rear Wheel Drive vehicle, because I hate front wheel drive, the expense of rebuilding this engine isnt worth it, and putting in a 302 right now would be about $5000(I do it right) I might as well just get another car, I just dont have the time to do these repairs. Too bad though, i really like the car it was a classy good looking car that handled very well.
So I'm doing my homework now and would like to hear from some of you that own or have a little insight on what I should or could get.
I still have schooling to do, so I got to make sure I make tuition. So Im thinking about upgrading into something for about $10,000 or less. Im presently considering the following:
1)97-98 Lincoln Mk VIII- Basically a cobra mustang in a tuxedo.
2) BMW 3 and 5 series, might consider others
3) Audi A4 or A6- still wondering about all wheel drive
4)Mercedes C280 or E320-I'm used to a little extra expense with foreign cars involving parts,but this one hhmmmmm
5) Maybe another Volvo- hey bricks are just great cars, Its getting harder to find a nice RWD these days
Now about me, im 26 and a bit of an auto enthusiast that tends to drive somewhat enthusiastically, I just love sliding around turns (25 hah lets do 45 or more). Im starting to enter my professional career as an accountant, so yea its good to have a good looking car Now with enthusiasm comes my naturally tendancy to improve what i have so I also would like to know how well these cars can be modified for more performance and Im not talking about places that claim to be tuners that sell nothing more than wheels, stereos, and K&N air filters. I'm talking about stoker kits, cams, valves, induction, exhaust, injectors, gears, etc.
I thought about the Mk VIII as a way to have a nice looking Cobra without having to pay the same insurance. The parts are out there to do some seriose mods without oversressing the engine. Downside is Automatic only and a bit heavy.
Old gf used to have an 89 325i that was a very nice car but it did seem a little small. My toes would hit the underside of the dash when i drove but not too bad(I wear a size 15 and stand 6'3"). I'm leaning this way as a second to the Mk VIII right now. I just need to know more about the Bimmer models, I dont think I want a 4 cylinder, and have thought about the V8 but read something about the 93-95 engines not being able to handle the sulfer content in US gas, so please elaborate if your knowledgable hear.
Id love to get an Audi Bi turbo S4 but the $$$ issue so got to down grade. Im not sure I want to deal with all wheel drive cars. My understanding is if I have to replace one tire i have to replace them all or I'll burn up the allwheel drive system, additionally allwheel drive repairs will probably be out of my range of expertise and very costly. Im also not aware of many performance parts offered for this brand.
How much can I expect my insurance to jump, I have a clean record and am currently going through Progressive? What was your experience??
So thats about it Id appreciate all the info I can get from everyone and your thoughts about what I should get.
Thanks in advance.