Quote:
Originally Posted by dubc80
My wife got oil changes on it regularly. Everyone seems perplexed at why this happened. Looks like an engine swap is around $8-10K for this van based on other estimates Ive been getting.
This van has been pretty good to us but this catastrophic failure has not been ideal. I guess $10K is better than a new van at $65K?
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Capital cost on something that large could be both a great investment but also a downside risk as long as you look at it with open eyes.
$8k engine swap and you get the #1 component done and it could last a very long time. The deprecation on a new or newer fan could very well exceed that capital cost. A newer/used van may also have engine concerns.
That being said, an $8k engine won't increase the value of the van really much. It doesn't make it more valuable and something major could occur in the near future where you lose that investment. Theft, hail, accident etc and the insurance company will just pay you market value.
If you do decide to go down another car route, make sure you buy one where the maintenance history is known and verifiable, specifically engine/transmission services. A lot of used cars like lease backs are just randomly checked for basic things when they have been neglected on oil change/transmission service wise. Just because a dealer says a car passed some inspection, doesn't mean they opened up the engine head and had a look inside for oil sludge which leads to damage. An insane amount of people treat their leased cars like rental cars with little to no give a crap factor.
Either way, best of luck! I know it sucks but hopefully you make the best decision for your family.