i can't agree with everything you said, @MR_Loyale, and i can't express my gratitude enough for all your honest advice and consideration of my situation. @175eya is actually on his way over to my apt. right now, trekking for hoboken to brooklyn to help me figure out my brakes. he's had nothing be great stuff to say about the USMB and it's members and i'm seeing what he's talking about. it's awesome to be able to link into the existing community via the internet as an obvious amateur with little to no real knowledge of the stuff necessary to do anything on my own and receive so much help, encouragement and honesty...and all for free? seriously, USMB rocks, i can't say enough.
i have no apartment parking lot, just the street in front of my building and the laundromat parking lot at the end of the block...that is if my local bootleg dvd salesman who i'm pals with is working, cause he's sort of the security guard & parking lot attendant for the laundromat, lol, and watches my car if there's no parking on my street when it's crowded during the day. sometimes living in the city can be interesting? anyway, seems like on non-winter days, especially on weekends, there's at least somebody working on their car on my block, so it's pretty common-place, but not good for anything major. i also have to move it for street-cleaning, sunday-tues nights & weds-fri nights. there is a fenced in parking lot across the street from the laundromat parking lot which i think i can pay monthly for access to, but i have to ask some of the neighborhood guys who'll know. i also haven't looked into getting a small garage somewhere close by my apt.. i helped a friend insure his '51 Austin through my name cause he had no primary vehicle insurance, which you need to insure a "classic car". he had a small garage in bed-stuy, not too far from me, and he kept the Austin and a motor cycle in there with some tools. i'm gonna see what's available and make a decision, which will also include figuring out how much i can deal w/ not having a solid, daily vehicle for awhile, cause i don't want to rush this process especially as a complete novice. in recognizing that, i also don't want to waste my time, money and possibly a nice starter or project car for someone on here, the USMB, learning how to D.I.Y. it.
i did want to acknowledge how lucky i am to have some of the subaru engineering help keep from destroying itself when the timing belt went. i definitely felt the almost exact same engine failure on the highway outside of Akron, OH in a '86 ford e250 van that i had for years and years, and once it went, that was it, major internal failure, no rocker-arm movement? like i might have said, i'm embarrassed with how little i know about the basic engine mechanics for having owned so many used cars and logged so many driving miles, i've literally driven through all 48 continental U.S. states. so maybe this is an opportunity to learn some more, but as i said, i know i need to have patience and help, which if i don't have enough of, could make it not worth it for me w/ the Loyale, so i'm gonna still try to figure that out.
i wish i woulda got on these boards much sooner before buying the loyale, cause it definitely would have helped to know more about the car, both Loyale's in general, and that one in particular. I made a rash decision cause i just took a shot, liked how it looked, hoped for the best and wanted to believe what the young man who sold it to me told me about it and didn't know enough of what to look and listen for with it, so it's on me. what he told me was that it was his grandfather's car which he started driving a year ago after he grandad sold it to him and that he drove it daily and the noisy knocking (which i've come to find out is actually more of a "ticking", @175eya told me about the "tick of death") was happening ever since he had it and it was just loud, but drove fine. he also said he did routine maintenance on it, including regular oil changes and fluid checks. i didn't know enough to see that a bunch of spots had been bondo'd and painted and there were plenty of spots that were just painted, to make the thing look nice for an easy sale. i did, however know enough to bring it to an independent oil change place, not a jiffy lude, before taking it on the highway and back to NYC from Reading, PA area. the guy who worked at the oil change place said all the fluids were topped off and it looked like a relatively new oil filter and that it wasn't even worth him doing anything cause it was all topped off, but did say he saw a number of leak spots up front and even at the back from the rear dif, so my suspicion is that this kid just wanted to flip the car by making it look as nice as possible, cause it was relatively clean to begin with, but also not put any work into changing all the dry-rotted rubber parts in it, including all the seals, the strut mounts, hoses, etc. and merely getting an oil change and quick service so it ran long enough to sell it.
all this being said, i've already invested plenty of time, money and effort into it that i kinda feel like just going for it at this point, cause i never really had much of a shot and just trying to resell it, like all 3 mechanics, 2 of which were subaru dealer mechanics, advised me to do if i was looking for a reliable and ready, everyday driving used car. i also kinda felt like after i knew the extent to which the engine needed to repaired, trying to sell it to someone else based on how it looks without disclosing everything i knew and just trying to flip it like the kid did to me wouldn't be right. also, i couldn't do that if it didn't run, and then the timing belt went.
@175eya just got here, so were gonna move it to the laundromat parking lot cause my buddy is working and said it's no problem to put it in the lot, even overnight, cause our street's actually being paved tmrw so all the cars on both sides have to be moved.
i'll update the thread after were done today.
thanks again, muchos gracias to everyone donating their time and knowledge!