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Originally posted by MoogieBoogie
Thanks for the help..
I found out the exact specs on the car. It is a 1986 Honda Prelude 2.0 Si with about 214,000 miles on original motor and automatic transmission. Mechanic changed belts, water pump, etc and commented that the car would be able to go at least another 35,000 miles on the motor.
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Unless there are obvious problems (smoking, leaking, coolant/oil mixing) the motor will be good for much more than that. Honda makes awesome engines when it comes to longevity. Even so, you'd probably be able to "freshen up" the bottom end and get a lot more life out of it beyond that.
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The only problem with the car is that the transmission needs repair. It can go into first gear, second gear, but can not go into third gear. Any idea on what this could be, and about how much it would be to repair?
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There's no telling. Normally, I'd suggest finding a unit at a yard. With it's age, though, since they changed engines/trannies in '88, you'd probably be hard pressed to find one in good shape. For that reason I'd recommend rebuilding, or finding a rebuilt, which is bound to be close to a grand. If not, R/R of the unit will bring it up to that, if not more. It's probably a solenoid or something relatively simple/cheap, but pulling the unit and doing the work would not be (labor intensive). My suggestion would be to line up a tranny before you buy, unless you have the time/inclination to do it yourself.
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I was thinking that if the car needed a new transmission, it'd probably be best just to do a manual tranny swap, if that is possible, so I dont run into auto tranny problems..
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These get expensive. You not only have to spend the money on a tranny, you have to also buy the shifter cables, master/slave cylinders, clutch line, pedal assembly... It can get expensive and VERY labor intensive. You also will probably need the manual tranny mount, which on the 3rd gen (and probably the second) has to be welded in place or holes drilled for new bolts (the auto's body came with a different pattern). I wouldn't tackle this unless you have a LOT of time/inclination.
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How much do you think this car is worth anyways?
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Probably $3k in EXCELLENT condition (which it would not be), maybe $2k in otherwise perfect condition. Realistically, you can probably find a grandmother with one somewhere with low miles that's been taken care of for $3k. You can probably find a ragged-out one for $1500 or so.
Keep in mind that with all the work you will do, you can probably find a '91 (last year for the 3rd gen) for about $5k with about 100k miles and needing no work. I sold my '89 back in '98 with 160k miles on it, with some minor front-end damage (otherwise immaculate), for $3500. $1k would have had the car looking like new. you could probably pick up the same car now for about $1500 and put the bodywork into it.
Unless you are or know a mechanic, I'd say it's a bad buy. It would be good if you had a new transmission sitting in your garage that you didn't know what to do with.
Good luck!