I'd go for the fix, even the half-a**ed one. As some have said, it will still be worth something after you've fixed it and used it for whatever your needs are.
Instead of having a contractor put in a LONG gravel driveway on some vacant land, I bought an old TLB, dug it myself and had the gravel hauled in. Even with a couple of grand in repairs along the way (injection pump rebuild, radiator, water pump), I'm still ahead because I've used it for other things (earth moving, stump pulling, tree transplanting, etc). My wife thought I was crazy when I bought it, but after she saw how much easier it was to get things done using it instead of our backs, she's come around, realizing that the right tools make all the difference.
Plus, 1) it's been very therapeutic and educational for me 2) It will still be worht something when I'm done with it.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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