Dr._of_Puganomics

Here's the car I'm looking at. The seller is asking $700. It runs pretty strong, handles nicely, comes with a block heater, and had anti-rust oil treatment applied. There are some things that need attention. -Needs a good vacuuming! -The transmission is stuck in third. The shifter moves into neutral, 2nd, 4th, and reverse, but the car stays in third. -A/C pump is loose because it is missing a bolt. -The car may need a head gasket replacement. After driving it I notices some milkyness on the underside of the oil fill cap. Owner says he does not notice any oil consumption, nor did I see any smoking. The coolant in the overflow bottle looks OK (no bubbling or milkyness). -The speedo cable is broken. Odo is stuck at 240k km (car came from New Brunswick). Owner estimates he put another 2k-3k miles since that broke. -Seller recently replaced one of the fuel pumps with a Bosch unit, but for some reason it's noisy. -The fuel gauge flutters during acceleration. I'm not sure the stock oil and water temperature gauges are working either. -Stalk-mounted horn doesn't work. Owner jury-rigged a horn button. -Some rust starting to form on right side rocker panel at the rear fender... ...under the lip of the trunk... ...and just under the front passenger's door. -There's also some painted over spots on the hood and rear right fender. There's no body filler as far as I can tell though. -Some bubbling on front right alloy. -Grille is loose. -Sunroof liner missing. Needs help when opening and closing. It doesn't leak, however, which is good since I rarely use the sunroof on my cars anyways. -No fog lights or lower Turbo air dam. Were these optional on the '86s? So, it's scruffy but not a total rustbucket. My big concern is the possibility that it needs a new head gasket. I can handle the transmission swap and fuel pump myself, but I would need a shop or helping hand to tackle the head gasket. No matter what, it has to be ready for winter time. So, what sayeth the 505Turbo.com commentariat? Worth the $700 and some elbow grease, or leave it alone?

Cool. The S197-chassis Mustang isn't exactly known for its spacious trunk capacity.

Thanks for the info! I spoke with Brian, who said the output shaft does differ between the Turbo and diesel models. He has some spares on hand at his place which is about 3 1/2 hours away from where I live. Now I need to see the car and determine if it is worth driving all that way for a transmission. I also have to figure out if a transmission will fit in the trunk of my Mustang!

Hi all, Prospective Pug buyer here. I am going to look at a 1986 505 Turbo manual some time this weekend. It's a Canadian-market car with 240,240km/150,000mi on the odometer. However, the owner says the speedometer cable failed, and then the transmission got stuck in third gear. The shifter moves freely and the linkage appears to be OK, so he believes the problem is internal. I have located a nearby 505 Turbodiesel 5-speed and Michel Aube says he can get me the speedo cables. However, Michel says the input shaft my differ between the gasoline and diesel BA10/5 transmissions. Can anyone here confirm that? Also, I've read that some Jeep YJ Wranglers used the same BA10/5 transmission as the Peugeots, albeit with different gearing. Aside from the different gears, would it be possible to use the Jeep transmission for spare parts for the Peugeot transmission (i.e. shift forks)?