pinchvalve wrote:
What else could be wrong? (warped head? cracked block? massive internal damage?)
Yes, yes, and yes.
Could be all that and more. On the other hand...could just be a head gasket.
I've received (purchased, given, etc) a few cars with bad head haskets. Sometimes I knew it and bought accordingly...other times, not so much.
The reason you see so many cars with bad headgaskets on CL is the same reason you see so many bad automatic transmission cars. The labor to fix is as much as or more than the car is worth when running properly.
In my experience, there are three things that bring a car from "perfectly valuable daily driver" to "scrap value" in no time: HeadGasket issues, Automatic Transmissions, and Titles.
Add a broken driver door handle to the mix and they'll thank you for hauling it off ;).
As for "buy it cheap, fix it, sell it"...it can work if your time is not worth much to you (and that's not a criticism...it has become apparent to me that I don't value my time and/or do enjoy fixing stuff that I should best steer clear of ;)).
Clem
Yeah, well...sometimes even when it IS broken I don't fix it.