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142 daily driver dilemma. 140-160

Hi again:
I think I might have asked this question before, but know it is no longer hypothetical. Here's the situation...My current daily driver is a '95 Mitsubishi Mirage with 304,000 miles. Thye only things other than regular maintenance it has needed is one water pump and both rear wheel bearings/hubs. Everything else is original, the clutch, exhaust, all of it. But it is finally going, (funny it is leaking a stream of oil from between the head and the block, but has no other head gasket problems).

My dilemma is do I buy a new car, (probably a Mazda 3), or do I put $$ into making my '72 142 into my daily driver. I already have rebuilt the brakes and suspension completely and am thinking of doing a vpd street perfomance motor rebuild for the motor. The OD trans and rest of the driveline is OK. Body/interior is good, with just a little rust in the quarters.

I am in sales and drive about 30,000+ a year, so it would be year round car.

Of course, I could go new and still do the Volvo more slowly, (a lot of $$ on cars though) and then not have to drive it year round, bu tthen I would be missing it's charms and foibles alot. and ps. I do have a 1980 Maserati for fun in the good weather.
What's everyones opinion?






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