Quote:
Originally Posted by RoyG
UPDATE: Well my two weeks is up in two days (Leaving my job.) Now I lack the motivation to drive nor do I have a way to keep up on insurance so I am not looking for a car to drive at the moment.
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Maybe its the insomnia or my friend Mr. Walker who is valiantly trying to soothe me to sleep, but your reasons for buying this car don't make much sense to me. You're now unemployed and for some reason find yourself lacking the urge to drive, and lacking the funds to insure a car, yet you're dancing on the spot in anticipation to buy a car. Not just any car either, a car which over the past 13 years has built up a dubious reputation with regards to reliability.
I could see buying a reliable car in hopes that the mobility it would provide would increase your chances of employment. But to spend all that money on what will become very shortly a very stylish paperweight is something I can't quite wrap my head around.
Quote:
Originally Posted by RoyG
I want to buy it, plain and simple. This is the only prelude that is around my area.
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If the only woman in your area was a prostitute, would you want to marry her too?
You already said you don't
need a car right now, so why not wait and expand your search radius? I know there aren't Preludes on every street corner, but there has got to be something better within a reasonable distance of you.
Quote:
Originally Posted by RoyG
If I buy the car I will have enough left over to do the timing belt/water pump (which i'll wait to do until it's ready to drive.) and enough to completely rebuild the transmission + costs of labor. Other than these issues the car is in good condition.
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Take it from someone who grew up around project cars and whom currently has one on the go:
1) Have a job or a trust fund. You will need it.
If you insist on a project car;
2) Find/buy the BEST base you can find. People sell cars cheap for a reason. The cheaper the asking price, the more it will cost you in the end. So whether you pay the seller 30% of the overall cost of what the car costs you in the end, or 90%, the piper will always have to be paid.
3) Budget, budget, budget.
3a) Scrap your budget and tack on 25-50% more than what you budgeted for.
4) Stock up on Advil, Aspirin, or Tylenol. You will have headaches galore.
5) Don't expect to be motoring any time soon.
Quote:
Originally Posted by RoyG
I figure I can fix those problems and insure it once I get a new job then it should be good to go. aside from those problems its a mid 90s honda... how much of a money pit could it be?
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I remember I used to think that if I did the Carebears countdown, they would appear in those little cloud cars and we would roadtrip to go chill with ALF and the Golden Girls. It was a cool dream but it was based on childish idealistic naivete. It was also as practical as being unemployed, buying a car you can't afford to drive, and won't be able to drive, then banking on fixing with funds from a job you don't have yet.
You are your own master though, and you will do what you will do. Keep one thing in mind though; Project cars take time and money. An unemployed person has too much of one, and not enough of the other to pull it off.
BTW automatic Preludes suck harder than a supercharged Dyson.
i know
. . . but sounds like you want to go anyway 
. . . even though the auto tranny is Freddy Krueger about to shred your you know what 
. Seriously, I hope you do heed the advice - you'll thank everyone on here later. The project that I recommend you invest in is learning how to drive a 5spd - will change your experience behind the wheel like you wouldn't believe. Besides, it's really not that hard. Either way, good luck with your decision.
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