Hi Scotty,
I bought a 01 Honda CRV (automatic, EX, AWD) for 3k with about 170,000 miles on it and I've been driving it for the 6 months or so with an additional 25,000 miles up on it so far. Since then I've replaced all 4 tires and kept up with the maintenance work. My engine light came on one day however and I took it to a shop and they told me that I had low compression in my 3rd cylinder and that a engine rebuild would be required. They estimated around 1500-2000 USD. The car does die at complete stops especially at the start of the day and a noticeable loss of power is there.
My question is if its worth spending that amount of money for a repair on a 3k car. Normally if the repair is worth almost the price of the car, it wouldn't be worth it but with the pandemic and the rising prices on both used and new cars, I'm wondering it'd be better to just suck it up and pay for the rebuild.
I drive a good amount for work and for leisure so whatever I drive, its going to get used and abused.
I would buy a compression gauge and test compression myself. Easy to do, cheap to order one online. The price they quoted you to rebuild your motor seems way to cheap. Something doesn’t sound right. I know a lady who paid 1500 bucks to a shop to “rebuild” her engine. They put in a new coil pack and had her pick it up a week later.
Others will tell you it’s a rebuild and you have a junkyard motor installed.
From the web....
The average price for a used CR-V engine comes to around $1,650, while a remanufactured engine is more likely to cost over $2,500. However, if you are looking for the Honda CR-V engine replacement cost with a new engine, owners can expect to pay at least $4,000 for this expensive procedure – not including labor.
That price seems very cheap and you need to check exactly what will be done. If the vehicle is in good shape otherwise it could be worth it.
That's a personal choice.
I wouldn't
I would get a different vehicle.
Thanks for the replies guys
How much do you think I would get for that vehicle if I tried selling it as is?