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Well there's a good chance that the person selling the car either knows it's a big problem, or has no clue whatsoever and is just saying it runs bad because there's a vacuum leak... Kind of a generic "problem" people use to mask other issues. Many times I heard "It just needs a good tune-up" If it was an easy/ inexpensive fix, it would probably have be taken care of before the car went up for sale. I would advise you to get someone to go with you that knows a bit about cars. Get their opinion before you buy.
But to your original question... Could be a 50 cent vacuum hose on up to a cracked intake or head that can cost a tad more.... Driveability completely depends on the problem and how far you plan on driving. A small leak can be compensated for and driven for quite a while....
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2003 GT Convertible - Sonic Blue
3.73's, Steeda Tri-ax, Magnaflow cat-back, Sniper tune
I drove my car with a leaky vacuum hose for a month or so before I finally found where the leak was, the only problem I had was keeping it running when I first started it up when it was cold, once it warmed up it seemed to run fine.
You can find vacuum leaks fairly easy with a can of carb cleaner or starting fluid. When the car is idleing, spray the carb cleaner or starting fluid around all the intake mounting surfaces, throttle body or carb mounting surfaces, vacuum lines, etc. If the engine changes rpm, start looking in that area for a leak.
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