2000 Cherokee "broke piston" Am I wasting my time?
I am a college student and my Toyota Corolla is on its last leg, oh well, I bought it for $500 and replaced a few minor parts to make it to 250k miles. Now I am looking into buying another vehicle that has problems that I could possibly fix or have a mechanic fix (if I'm not capable of doing so) I recently came across a 2000 Jeep Cherokee not to far away but owner believes it has a "broke piston". He said he dropped the oil pan and that their were pieces of piston inside, and that it was "probably a bad engine and locked up, looks like rod in cylinder wall". He is asking $1000 firm. I was wondering if this was a fair price? And if I don't have to replace the engine what parts would I need to replace (camshaft, injectors, valves etc) as well as the pistons seeing how something caused this to happen in the first place. And is it possible with a broken rod to tell if the transmission is in good condition? A new engine would be expected but a tranny problem would kill me. OR AM I JUST WASTING MY TIME!?