Bargain! Buy it and fix it up!
Agreed; the 4.6 will last forever.
The tranny leaking could be the driveshaft causing issues; it happens.
An 02 JY tranny is cheap, and replacing the seal is easy while the tranny is out.
It will probably need all new rubber everywhere, so that's close to a grand in parts.
But $400+$1000+$300+300 (Car, suspension, tranny, driveshaft) =$2000; That is a great deal for a brand new feeling V8 car.
Add a PI intake, heads, and cams (~$200-300) with a dual exhaust(~$200), and it will really move.
It will eat most things you could buy for $10k.
Having a spare in case anything happens is good too, lol.
Red '96 Cougar XR-7 240k mi. '02 4R70W, PST DS : '03 PI engine, 04 maf, 24lb injectors, 2.5" exhaust, '02 4r70w + Jmod, DirtyD0g TC + cooler + 3/8" lines, 255 walbro fp. Alpine system.
Black '96 Cougar XR-7 (Lazarus) 210k mi PI Intake, '02 4R70W, Jmod, PST DS, GrogTune, Konis, Mark LCA+Poly, racecougar Custom Engine Chain, and JL and racecougar Bracing.
Black '97 Tbird Limited Edition, '02 4R70W, 255 walbro, PST DS, PBR Brakes&SS lines, Toicko Blues & Springs, GrogTune.
I'm not Human enough to be human; but I'm trying to fit in, and I'm learning to fake it.
"Never said Hibbity..." - Brian Williams