That's a great car-if you like that particular car except for its engine woes, then I suggest you keep it.

I have an '88 TE, and last year I had the jack mounts properly redone-don't think they'll ever rust again, but that's because luckily I caught the problem earlyI had them painted with rubberized paint by a pro.

As to the motor, can't you get a short block for around that price? Then you'd have a warranteed motor. And resealing the trans while the motor's out is a relatively cheap affair, as it adds minimal labor (don't forget to re-seal the front pump).

Good luck!

__________________
"If God had meant for us to walk, why did he give us feet that fit car pedals?" Sir Sterling Moss

Michael
2014 E63S Estate
2006 SLK55
1995 E500
1986 Porsche 944 turbo