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Wow. Couldn't scrape up funds to repair the transmission but borrowed money to get a hot rod (aka, a depreciating asset)? I can see your financial situation is going to be bleak in 10 years.
why would I wanna put a new tranny in a old beat 360 with bad milage when I can upgrade to a new car with 0 down with good credit. I didn't have 2500 laying around for a new tranny for something else to crap out next .