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Old 08-01-2018, 02:47 PM   #1
Spoon
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Engine died. Seeking advice.

Wife's 2009 Rav4 just died. Engine went kaput and a used engine with 100k + labor + taxes will likely come out to $4k.

I checked the black book value of the car and it's around $5700 - $8000. Any recommendations on what I should do?

I'm not looking for tech advice. More like financial alternatives. There's body damage on the exterior, so we're likely fetching the lower end of the black book price. Is it worth sinking 4k into it?

If I choose not to fix it, what value can I get out of it (ie. trade in, cash for clunker etc.)? Zero?

Thanks!
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