Fix it or trade it?
My wife has a 91 CRX and the automatic transmission needs to be replaced. It has about 265K miles and she has been the sole owner so we know the history. Honda wants $2300 and change to install a rebuilt but will give a 3yr/36K warr. I've been given an estimate of $1500 - $1800 to rebuild the current transmission and only get 1yr/12K warr. We've recently (over the pas 6 months) had the timing belt replaced, brakes done, A/C evaporator replaced, Steering gear assy, Lt/Rt tie rod boots, Tune up, radiator and about every coolant hose known to man. All told about $2400 so far. She really likes the car and we're discussing spending more on it instead of getting a used car we know nothing about. Our concern is (obviously) if we spend another $2300 on the transmission and more for new rims (she's been begging for new rims for a while. The stock ones are a bit plain) and a new paint job are we creating a money pit. Since we will be spending about $6-$7K within a year are we better off getting another used car. If not are there any suggestion on addition work we should do now while we're at it.
Thanks!