TexasCHLforum.com

If you are putting that many miles on a vehicle, I would not buy new, you will just kill the value of the car. You should be able to find a Civic, Corolla, or simular with about 100k miles for around $4k and put another 100k miles on it without too many issues. One of those would get you about 30 mpg and still be worth a few hundered bucks when you are done with it.

I would say sell it, and use the $3,000 you would spend on the engine overhaul on a decent used car. You don't wanna put $3k into a car worth maybe $4k.