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Overheated Engine Replacement

Everything works on it except a broken off power antenna, no rust anywhere, and 115,000 miles. It is the Mark Cross Edition, so it is loaded.
I got some prices on-line from below:
http://www.rebuilt-auto-engines.com/cgi-bin/webc.cgi/home.html?sid=1AlF2z0VwM0R9-T-20102377276.9b
I'm assuming when an engine overheats, it is from the top down, so most likely it is a cracked head. The price for a remanufactured head is $196 + $150 core deposit. However, if the whole engine is bad, that would run $1,366 + $270 core. Add labor to both for the installation.
Does this seem like a good idea, or should I let him junk it?
Thanks
Comments
I would bet on the engine replacement, if I were you. However, what you really need is a mechanic to look at the car and make a determination what needs to be done.
Unless you have a well equipped garage and are mechanically adept, you will need someone else to do the engine replacement. That's not going to be a cheap job. So again, you really need an experienced mechanic to determine the real costs of this $100 car.
Unless you have both time and money to kill, I'd walk away. Interesting way to learn lesson for your nephew. I'm guessing it had a slow leak that he never addressed and the thing just ran out of coolant. Is that what happened?
Junkyard motor time!
http://www.car-part.com
Bill
There is a salvage yard near me that has 10 early 90's 3.3's in stock for $125, my choice.
Of course, it could be just a bad head, which would be quite a bit less expensive labor wise to fix.
If I were you I'd set a budget and stick to it, let's say $1,000 absolutely tops. With 115K miles, you may have to deal with other things as well.
Looked at the car, the body is in great shape, paint starting to fade, but the interior needs a good cleaning/detailing - nephew is kind of a disgusting slob. Found a rotten pumpkin in the trunk from Halloween! Amazingly, no cigarette burns in the leather.
Only other issues is antenna broken off, the automatic temperature control keeps blowing a fuse, and plastic trim on the driver's seat is broken. Oh yeah, it's a 90, not a 91. Oil was dirty, but the front brakes and rotors are less than one year old and less than 10,000 miles. Battery was dead as well, but it may just need the corrosion cleaned off from the coolant leak.
So the amount I'm willing to spend to get it running again is dropping. As the host said, $1,000 tops.
Not to mention, what new car can you get the button-tufted interior, padded vinyl roof, and wire wheel covers? It is something completely different compared to today.
Time to turn this baby into lawn furniture I think
The car was in nice shape when he got it - he paid $2,000 last summer in good condition, and it took him only about 3 months to break the antenna, blow the head gasket, completely trash the interior, and generally turn it into a hillbilly wagon. Inside it needs just a good cleaning. Paint is white, so the fading is not noticable, but it is 12 years old, so it doesn't look new.
Edmund's TMV for a 90 Mark Cross edition with 115,000 in average (not good) condition is about $1,460 private sale in my area (which it should be after the head gasket repair), so we shall see what the mechanic says. If the estimate is $750 or less, I will have to think about it. I don't want to sink more than $1,000 into it for everything - the car, the repair, the towing, interior detailing, replacing antenna, etc.
It's not that hard to remove and replace the head, just find a shop that exchanges heads. Give them your and get a rebuilt one for around $250. The gasket kit is around $50, and a munual is around $20. If you don't want to do the work find a shop that will do the work with your parts, or talk to a mechanic personaly about a side job. Regular labor for the job around here is $450 to $500. There is always a way to save cash. Like cleaning the interior yourself, it leather seating, so that is not that hard to do, but the carpet and the trunk is another thing.
rotten pumpkin, broken trim, antenna, ATC is hosed up, never changed the oil, a coolant leak heavy enough to gunk the battery and never did anything about it? I think your nephew would be getting $99.95 too much for that heap from a buyer.
hope you didn't buy it already. sounds like a parts car.
I have taken a pass on it due to for some reason he took the floormats out up front, and the carpet on the driver's side is completely full of grease from his shoes worn in a restaurant kitchen. I think it was so he had more room to throw fast food wrappers, empty cigarette boxes, dirty laundry, etc.
It is just sad, because it was a beautiful car when he got his hands on it. He's 22, and this is the 3rd car he has destroyed so far. He drove the car only a few months, but that was enough. Not sure what part of the gene pool he didn't inherit.
I guess if I want a traditional American car, I'll have to keep looking. Also, he'll never drive one of my cars.