I'm after some opinions/advice on my current situation..
I have a 2002 Camry Advantage that runs on LPG/Dual Fuel @ 212,000KM's. Very cheap to run and I find it comfortable.
I have owned it for the past year and have driven about 25000KM's.
It has served me well and the guy who owned it before me had replaced the Radiator and Timing Belt within the last year of selling to me. Always looked to be logbook serviced and looked after.
Out of no where the other day the engine has started to make a ticking/pinging noise while accelerating.
I've had it looked at by 3 mechanics as I couldn't believe the first one said it is done for and will need a new engine.
All 3 different mechanics have confirmed it's done for, because of suspected broken Piston/Valves/Head?
Which sucks because it's still running fine, just has the noise. But I'm told it can/will combust and break down on me at any point.
So I've contacted a few wreckers and have found best case scenario I can source an engine for $880 and a mechanic will do the labour for $1000 = $1880 total. The wreckers claim the engine has only done 114,000KM's. But I don't know how that could be gauranteed..
My alternative to getting it fixed would be to buy a second hand Corolla or Camry and have to get a loan for $8000-$10000.
As I'm not as confident buying the older cheaper cars anymore.
So what would you do?
Replace the engine for $1880 and hope nothing else goes wrong and try ride it out for a few more years?
Look at buying newer model secondhand camry/corolla and get a loan for $8000-10000?