2ND GEN PUCHASE???.....It\'s a strange NEW world for me? UPDATE: BOUGHT IT! SEE UPDATE AT BOTTOM OF THIS MESSAGE... My name is Greg, and I'm a BlazerHolic..... pause while everyone on the site says "Hi, Greg" /forums/images/icons/grin.gif ...it all started about two years ago when I realized that I needed a 4x4 to replace the little Honda CR-V that I had been leasing....good for snowboarding trips to Tahoe, but not really a "truck" if you know what I mean! About that same time, my wife met a guy at her work that was getting rid of a fullsize '83 Ford Bronco 4x4. It was certainly not pretty, but everything ran fine and it was only $800....he was the original owner, no accidents, no dents. I really wanted a Blazer, but this one just fell into my lap, so I bought it. Crowd gasps....at the thought of Greg owning a FORD! /forums/images/icons/shocked.gif So I've been living with the secret that, while I now own a really cool Blazer, I still have the shame of an old blue Ford parked in front of my house. This has been my "cross to bear" for the last 2 years..... Crowd is hushed in a moment of understanding and compassionate acceptance.... Well yesterday, my luck appears to have changed for the BETTER! A friend of mine (who owns a K5) is leaving the country and needs to sell his Blazer. He is a good friend, so he said the selling price really isn't that important to him and he would like to see me get it, because he knows I will take good care of it, and fix it up. Here's the only problem: I don't know anything about Blazers built after 1972! Here's what I do know.... It's a 1988 Grey with red two-tone paint. Paint is flaking on hood (typical clearcoat problem for GMs) Interior is quite nice, seats are good with no rips, carpet is a little dirty but might just need a good cleaning. 5.7L V8 (That's a 350 right?) Water Pump is broken as of yesterday... Transmission is slipping and will probably need work 160,000 Miles. The water pump failing is what triggered him to call me now, instead of in two weeks when he leaves. He doesn't want to spend any more money on it, since he needs to get rid of it anyway. The waterpump doesn't scare me that much....but the transmission stuff DOES! We're talking about a 700R4 right? I have no idea what a rebuild costs, but I'm sure it's a LOT. I'd just like to know what I should offer him, knowing that I'm going to immediately have to sink money into it. The good part is that I can finally sell the Bronco, and use that money towards the purchase price or towards repairs....and the Blazer is in MUCH nicer condition (except for the tranny and water pump, of course!).....I won't be embarrassed parking it in front of my house. OK, so if you wouldn't mind....please give me your input on costs....weak points on the '88K5, or other things I should be aware of. Thanks 2nd Genners! /forums/images/icons/cool.gif <font color="red"> UPDATE: </font color> Well, I bought it......actually, it worked out better than that. I traded the Br*nco for the Blazer, and got my buddy to also give me $500. (There's no accounting for taste, I suppose!) So now I've got a second Blazer....and NO F*RDs. I feel better already. /forums/images/icons/cool.gif A couple of things I will do pretty quickly: 1. Transmission. There is definitely a problem there. I drove it a little yesterday, and it holds 1st forever, sometimes won't shift, and sometimes the engine revs wildly and NOTHING happens inside the trans. I knew this was part of the deal, so I have already budgeted for a new 700R4. 2. Minor cosmetic stuff....New carpets, new dash bezel, new door panel upper trim, and new headliner. That will just about make the interior look new again. I think LMC sells parts for these trucks also, right? Are there other sources that specialize in 2nd Gen trucks? I pretty much know ALL the ones that do 1st Gen stuff. 3. Figure out what gears are in the axles. I just bolted on a set of leftover 35" tires to replace the "weenie tires" that it came with. I don't want to fry a brand new transmission by spinning TOO much tire, so I better find out soon if I'm in the ballpark gearing-wise. 4. ColoradoK5 stickers. Better get these things installed for extra HP and "cool factor"....should be able to get this done today! /forums/images/icons/cool.gif Anyway, that's the update. If anyone wants to chime in with good parts sources, or ideas I'm all ears!