Hey everyone, I recently bought a 98 Grand Prix GT. I've always been a GM guy, my first car was a 91 Grand Prix SE and I loved the hell out of that thing. Sold it when it rotted out, bought a few chevies, and currently own a Corsica. I found a 98 Grand Prix on craigslist, and after a few days of texting/calling the guy to take a look at it, I finally made arrangements to look at it. After a 30 minute drive, the guy texts me when I'm 5 minutes from his house and says "Oh, by the way, it's got a slight engine knock". F***.......
Well, I wasn't about to turn around and go back, he was only asking 1500 for the car with 160k on it, but the pictures showed almost no rust, which is rare for a wisconsin car over 15 years old. I showed up and gave the car a walk around, needs tires and some slight surface rust repair on the rear quarters. Then I started it up, and it ran GREAT. sounded smooth, no rattles, no knocks. Revved it up to 2500 RPM (I know, I know, don't do that on a cold engine, blah blah blah) and I heard a noise which I was pretty sure was piston slap - a higher pitch rattle. Ok, I can live with that, piston slap doesn't always mean the death of the engine....
Took it around the block a few times, steers straight, rides fantastic, that rattling isn't happening at less than 2500 RPM. I go back to the guy's house, and I offer him 800 for the car. He says yes, signs the title and I'm on my way. I start driving home, and guess what? It starts knocking. Uh oh.
So, here I am, with an 800 dollar car with a knocking engine. I sourced a new engine from a local salvage yard, for 300 dollars and a 6 month warranty. I was planning on just rebuilding the bottom end of the engine, but when I pulled the drain plug and metal sparkles came out with the oil, I decided against that - if there's metal in the pan, there's metal everywhere else in the engine too.
So, sorry for the long-winded story, if you made it this far, I just have two questions.
Number one: Since I am going to be swapping the engine, is there anything else I should tackle while it's out of the car? I'm planning on unbolting from the TC and removing the engine only, while leaving the trans in the car. I'm going to degrease the subframe and replace a few squishy hoses while I'm in there, but is there any parts which would/should be replaced that are easier to get to with the engine out, especially at 160k miles?
Number two: Do you think I overpaid for the car? Is it worth putting an engine into, or should I just cut my losses and try to sell it for what I bought it for, or part it out? Haven't signed the title yet, so that option is still available.
I really like the car, it's got just about every option except the sunroof, and everything (EVERYTHING) works, with the exception of the engine.
Thanks for reading, I look forward to your opinions.