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Honestly, I'd listen to your parents. The first time I read 'mom' or 'dad' in a post like this, I immediately think the same thing:
'Not worth it.'
As much as I love my SVX (and I love it dearly), it's not a great first car. I don't know how old you are, but I get the impression that this is your first car or close to it.
I agree with your mechanic and your parents - it's unlikely you're going to be able to afford to take care of the car. I don't agree that oil leaks from the valve cover gaskets or timing covers is a serious issue, but it's something that needs to be taken care of eventually.
Again, I love the SVX, but it's just a car. It's not worth 'sticking to your guns' and fighting with your parents over it. This is an expensive car to own, and the first time a repair bill comes in, they're going to be right. And make no mistake - an expensive repair bill is going to come in.
My advice is to find something cheaper to own. I speak from experience - I don't even drive my SVX more than a couple thousand miles a year because it's expensive to. Not admitting so means you're not taking good care of the car, in my opinion.
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