<prompt> Human: Im under the assumption that if I were to get a cheap car on craigslist, Im talking 1,000, with high mileage and few problems and pay for a new engine which pretty much resets the car?, it would be relatively the same price as getting a nice used car? I have been browsing and seen some really nice cars but with some problems to the point where you need to replace either 7 things, or the engine. Am I wrong to assume that it would be around the same price? I know engines can get pretty pricey once you factor the labor costs in as well, but thought I would get some input.Here is one of the cars I am talking about.UPDATE: Thank you to everyone who responded. I think I will go with the vast majority and end up going with a more reliable and less costly car. I dont necessarily need a car at this point due to me being in college, but just thought I would ask the reddit community.  <response>: Bad plan. You also have to worry about the electronics, fuel delivery system, suspension, rust, the transmission still, etc. Get a 7-10 year old car, which is the best value for depreciation, since thats when it levels off. Also, whos going to rebuild that engine in the 1992 525i? 