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Hmm,
I've always found that cars with blown engines or transmissions can be very nice and still not be worth a whole lot. Junkyards pay $150, and people can only keep busted up cars around for so long.
I mean, sure a car with high intrinsic value like a classic Porsche or something has value with no engine, but a mk1 mr2 in good running driving shape is worth $1000 to $2000. Maybe a bit more if it is extra clean and you are selling to an enthusiast. So, if someone has a creampuff and blows the engine or trans, they are probably going to get a quote of around $1-2000 from their neighborhood mechanic to fix it. This doesn't make financial sense, so at this point the car is pretty much a rock around their neck.
Anyway, dead non-collector cars should be dirt cheap, If I can't find one for under $500 with decent body and interior, i'd probably skip the whole idea and buy one of the running driving very very clean $1500-2000 examples and wait for the engine to blow.
peas,
GM
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