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Bob,
I feel it may be very difficult for you, because you want to save money ‘‘I’m concerned this (car) is going to be a money pit’’, but you state that you are not ready to do anything beyond the basics. I can’t imagine how the first engine ‘‘went’’ on you, or how badly the new engine ‘‘overheated’’, but I can imagine that you are not really ready to own an older vehicle. A newer car may be a better choice for you, but be aware that even brand new cars can have lots of very expensive problems.
All investments involve risk, including the risk of loss.
My advice to you would be to make a quality investment. There is no guaranteed payback on a 20 - 30 year old Volvo, or a new one for that matter. You need to expect that all cars are going to need work at one time or another, and not to ‘‘second guess’’ your investment at the first sign of trouble. This is a typical mistake of the inexperienced. Don’t break your wedding vows because every day isn’t a honeymoon. Difficulty is going to be encountered in most any attempt in everyday life.
I hope I have been able to help you make a decision about your classic Volvo.
Goatman
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