Hi, folks. I'd like a few opinions on what to do with my beautiful
1986 Subaru GL hatchback. This was my first car, and I've managed to keep it alive with expected maintenance. It has a "new" timing belt (1995), "new" carburator (1995), "new" clutch (1990), "new" master cylinder and clutch master (1997). In my mind, this is practically a "new" car!However, it needs some work. For instance, the timing belt just broke. I think one of the CV boots may be cracked. The A/C is long gone, the radio is on the fritz, and there's rust down below. And considering the last clutch change was 16 years ago, I have a feeling it's due for another.
The cost to repair the timing belt (and all the other stuff that goes with it) is around $700. My guess is that I could spend double that and get a few other things taken care of. Throw in a few extras (tires, brakes, detailing to get rid of the funk) and I figure $2000-2500 to get it back on the road. It has around 136,000 miles on it.
At this point, it's starting to sound like time to buy a new car (or a used one). I really don't want a car payment, although I guess I could do it if I had to. I live 1 mile from work (I usually walk or ride my bike) and just use the Subaru for around-town driving when my wife has our other "new" car (1996 Neon).
Could anyone offer any opinions or advice about this situation? Is $2500 too much to spend on a 20 year old car? I know this is entirely subjective, but I'm just hoping to get a variety of opinions. My family tends to think I'm crazy for keeping it this long, but to me, a car is just a series of interconnected, replaceable parts. When something break, you fix it, right?
Thanks! Joseph