Originally Posted By: Oldasco
What's the tipping point moneywise on putting a remanufactured engine in a 10 year old car or dumping the car? It's probably easily at least $5000 to install a remanufactured or rebuilt engine in the car, less for an engine from bone yard, but why put that kinda money in a poorly maintained car that will probably need its poorly maintained tranny redone next month. Maybe dump this car instead of doing engine job!
I really depends on the condition of the rest of the car, and how long one plans to keep it. With well over 200,000 miles, one could say that that the life left in the vehicle overall is somewhat limited. On the other hand, if there are enough other new parts (struts, brakes, etc) that would make a remanufactured engine worth it, one might could get another hundred thousand out of the car.
I guess you'd have to look at it as a cost/mile thing. $5,000 for an engine and rebuilt trans (5k for the engine alone sounds high I think) for another maybe 100,000 miles of life. That's $0.05/mile in terms of cost. What's a similar car going to cost? A new Highlander at $35,000, with an expected life of 250,000 miles? That's $0.14/mile, not counting interest paid due to any financing.
Driving the current one longer, obviously higly dependent on the condition of the rest of the vehicle, may be the less expensive option.
What's the tipping point moneywise on putting a remanufactured engine in a 10 year old car or dumping the car? It's probably easily at least $5000 to install a remanufactured or rebuilt engine in the car, less for an engine from bone yard, but why put that kinda money in a poorly maintained car that will probably need its poorly maintained tranny redone next month. Maybe dump this car instead of doing engine job!
I really depends on the condition of the rest of the car, and how long one plans to keep it. With well over 200,000 miles, one could say that that the life left in the vehicle overall is somewhat limited. On the other hand, if there are enough other new parts (struts, brakes, etc) that would make a remanufactured engine worth it, one might could get another hundred thousand out of the car.
I guess you'd have to look at it as a cost/mile thing. $5,000 for an engine and rebuilt trans (5k for the engine alone sounds high I think) for another maybe 100,000 miles of life. That's $0.05/mile in terms of cost. What's a similar car going to cost? A new Highlander at $35,000, with an expected life of 250,000 miles? That's $0.14/mile, not counting interest paid due to any financing.
Driving the current one longer, obviously higly dependent on the condition of the rest of the vehicle, may be the less expensive option.