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I was informed that the check engine light is just something wrong w/ the emission. If that is the case, can one just ingnore the "check engine" light without any reprecussion (e.g., engine or transmission damage)?

Thanks

Could be a lot of things.

I would pick up a Peake Research Diagnostic tool, which will tell you exactly what the problem is. It costs around $140. I got mine from bimmerzone.com.

I was informed that the check engine light is just something wrong w/ the emission. If that is the case, can one just ingnore the "check engine" light without any reprecussion (e.g., engine or transmission damage)?

Thanks
I don't think it's just emissions related. I had a check engine light and it was due to cylinders misfiring. That's engine related. Happened when I ran out of gas (my bad).

Also, you can get a code reader (generic one) on eBay for around $50, shipped. I got one. :D

OBD-1 is emission porblem and you shouldnt just keep driving, atleast get the code read and that will tell you how serious the problem is

misfires are only shown on OBD-2 but if you have a misfire on an OBD-1 car you'll have high HC (unburnt gas) readings which will give you codes for your O2 sensors and destroy them pretty fast

Check engine lights should not be taken lightly.
The most common problem is the gas cap, just tighten it. If not, you may want to get the tool.

We have the FCX II tool by Peake.

The cheaper $50 tool (R5B) only resets the oil and inspection, not CEL.

Thanks and good luck