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If you are mechanical and don't mind fiddling with it or parting it out if it looks like too much just go for it. One caveat is that the car must be in great shape other than the engine problem, parts that are worn don't sell at all and sinking money into fixing the engine will eat up the budget to fix everything else if anything is broken or in bad shape. Any car that age will need some things replaced no matter who owned it but clean cars are the only ones with any value any more.
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