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Upside down on a vehicle that needs a new engine.

Posted on 7/27/15 at 4:31 pm
Posted by Schwartz
Member since Nov 2006
27097 posts
Posted on 7/27/15 at 4:31 pm
Typing on phone, so don't feel like throwing all the details in. Owe 15K on a vehicle worth 10K (yes dumb I know) that needs 6K for a new engine. Any options besides biting the bullet, putting the new engine in, and driving the damn thing until the end of time?
Posted by Motorboat
At the camp
Member since Oct 2007
22666 posts
Posted on 7/27/15 at 4:33 pm to
yes, but all are illegal.
Posted by iknowmorethanyou
Paydirt
Member since Jul 2007
6545 posts
Posted on 7/27/15 at 4:42 pm to
Is it worth 10k with the crap engine or assuming it's running?
Posted by moneyg
Member since Jun 2006
56365 posts
Posted on 7/27/15 at 4:48 pm to
quote:

Typing on phone, so don't feel like throwing all the details in. Owe 15K on a vehicle worth 10K (yes dumb I know) that needs 6K for a new engine. Any options besides biting the bullet, putting the new engine in, and driving the damn thing until the end of time?



What can you realistically get for it if you sold it right now?

Posted by Schwartz
Member since Nov 2006
27097 posts
Posted on 7/27/15 at 4:57 pm to
I'd guess less than $3K
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 7/27/15 at 5:08 pm to
Is 6k the cheapest you can get it repaired for?


Quit hotrodding
Posted by barry
Location, Location, Location
Member since Aug 2006
50337 posts
Posted on 7/27/15 at 5:53 pm to
Did you buy an old arse M3??
Posted by Old Sarge
Dean of Admissions, LSU
Member since Jan 2012
55219 posts
Posted on 7/27/15 at 5:58 pm to
Have you looked for a totaled one in a salvage yard that you could get the engine from?
Posted by eScott
Member since Oct 2008
11376 posts
Posted on 7/27/15 at 6:38 pm to
I agree with this. Find one from a salvage yard that can document the milage. It'll last longer than a rebuilt motor and be cheaper then 6k. Should be anyway.
Posted by Bussemer
Heading South
Member since Dec 2007
2519 posts
Posted on 7/27/15 at 7:23 pm to
Update us on the sous vide pork shank disaster and I'll buy your beater for 5k
Posted by GoldenD
Houston
Member since Jan 2015
928 posts
Posted on 7/27/15 at 7:30 pm to
What is the vehicle? If it's a a pickup or a popular car, then you could easily find another engine from a wrecked car to drop into it.
Posted by Reubaltaich
A nation under duress
Member since Jun 2006
4962 posts
Posted on 7/27/15 at 7:55 pm to
What is the year, make, model?

And how many miles?
Road miles? Or stop and go type miles?

$6K seems rather high
Posted by cahoots
Member since Jan 2009
9134 posts
Posted on 7/27/15 at 9:06 pm to
install a used motor and sell
Posted by ItNeverRains
37069
Member since Oct 2007
25397 posts
Posted on 7/28/15 at 6:40 am to
Do you have accident forgiveness on your insurance?
Posted by dagrippa
Saigon
Member since Nov 2004
11285 posts
Posted on 7/28/15 at 8:00 am to
Year make model of car
Posted by Motorboat
At the camp
Member since Oct 2007
22666 posts
Posted on 7/28/15 at 9:13 am to
quote:

Do you have accident forgiveness on your insurance?


what in the hell does this have to do with anything?
Posted by deNYEd
Houston
Member since Jul 2007
9689 posts
Posted on 7/28/15 at 1:27 pm to
the part where he tells him to smoke it with something or into something....
Posted by fontell
Montgomery
Member since Sep 2006
4445 posts
Posted on 7/28/15 at 2:39 pm to
gotta be a land rover
Posted by DownSouthDave
Beau, Bro, Baw
Member since Jan 2013
7366 posts
Posted on 7/28/15 at 3:03 pm to
Go buy another vehicle and let them repo the one you have now. You're not scared to make poor decisions, what's one more?
Posted by Schwartz
Member since Nov 2006
27097 posts
Posted on 7/28/15 at 4:17 pm to
2012 Chevy Equinox. Found a motor with 19K miles, $4,500 installed. Going that route, and driving the fricking thing until it has 300,000 miles.

Evidently motors have a known oil consumption issue, with zero idiot lights on the dash to assist. Gonna have to actually check oil levels at every fill up, which nobody does. Don't lie and say you do.
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