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heres the situation. my friend bought this mustang from a guy and it broke down the first day. then i looked at it and the cam is all messed up. the guy wont fix it or take it back. i am not sure how many miles there are so i thought it would be better to get a different car. its an 83 mustang paints a little worn it has over 200,000 miles on all but engine. engine has 40,000 (looks closer to 120,000 to me, it needs work other than the cam). the engine is 302HO. my question is what is would be the best to do with it? as far as i know everything else if fine on it. would it be best to junk it, try to sell it 'as is', or part it out? want to get the most out of it cause he says i keep half of what i make.
ive been known to not make sense on long messages. hope this is alright.
i posted this in another forum but i dont think it worked.
I believe there are laws in place against the owner being able to do that. I know in our state the owner is responsible for major repairs within 30 days.
Primary rig is Green Thunder:
95' F-150 XLT 4x4, 302, 5 spd, MSD 6A, Flowmaster Exhaust, Sunroof, Clear corners w/ Diamond headlights, CD player with 2 10" subs and some 32" BFG Muds .
It's a shame that the forensic investigation efforts weren't shifted to the pre-purchase timeframe. I'd be amazed if any law would cover a 20yr.old car with 200k on the clock. Instead, consider this one of life's lessons that your bud just paid for. In the grand scheme of things, it's not too expensive a lesson-I'm guessing part of the attractiveness of the car was that it was "a deal". It'll get more expensive later on down the road if he/she/you learned nothing, though. Rather than dumping the car, consider going to the j'yard to get an engine. 302's should be all over the place there and you can get one with something like a 30 day warrantee for less than a couple hundred dollars (if U do the work yourself). The market rule on these things is pretty much "caveat emptor" (buyer beware). Good luck!
I just reread your post and the words "everything else is allright" is why I'd consider keeping it and fixing what's broken. If indeed the engine has 40k on it and the cam is shot, something's wrong there. You'll wanna find out more history on the engine so that you're not simply dumping good money after bad and getting a new engine the expensive way (piece by piece). If indeed, it's only the cam, well that's an easy problem to fix. Given what's happened to you guys already (refer to "life's lesson" in my earlier post), you should be skeptical of any claims regarding the history of the car and/or its components, so you're gonna have to do some legwork in order for you to determine the most appropriate course of action.
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