I'm like others and rarely give up- buy more tools (typically in advance, as a just in case), break out the welder, OA torch, etc. But it depends on your workspace, abilities, whether you have a spare vehicle to use when something goes wrong, etc. If you're a semi beginner with nothing but a propane torch, basic hand tools, working in the driveway, it's 15F, or raining, or.... and you need the car Monday morning to get to work, then yeah, $100 is a bargain for this job. Know your limitations, pick your battles wisely, and move on to other things.
As far as a home-made tool for this job, heat treated alloy steel may be necessary instead of ~A36 mild steel.