Hi everyone,
2 years ago I bought a second-hand 2014 Hyundai Elantra with ~139000kms for $11000. At the time the second-hand car market was super inflated and it seemed like a decent buy compared to what else was available. I don't drive tons and just hit 150000kms (~5000kms a year). Over the past year a knocking noise began to develop in the engine which over the last 3-6months in particular has gotten a lot worse. I initially got it looked at by my mechanic before it got too bad who told me not to worry, however another mechanic who works there said it may be a knock and he had a relative who needed to have his whole engine replaced which cost ~$4k.
Recently I took it back to my mechanic as it was getting worse and they said it was likely a camshaft or piston slap issue and that I may need to get the engine replaced - something that they wouldn't be able to help with. I did a lot of research and found that piston slap is a really common mechanical fault in this type of car/engine, so much so that there was an extended warranty put on the engine in the US up to 10yrs or 150000 miles. Seeking more guidance on what to do, I took my car to my local Hyundai Service Centre for a formal diagnosis who basically told me it did indeed have an engine knock and that it would cost $1600 to pull the engine apart and $5-7k to fit a new engine if one was required. If I decided not to replace the engine it would cost a further $1600 to put it back together. I asked them about the extended warranty but was told it doesn't apply to Australia and that in order for a goodwill claim to be submitted I would need full service history with details of the oil brand used (which I don't have as I am the 3rd owner of the car). The car is still running ok and getting me from A to B. I'm not sure what to do considering that the car is probably only worth about $10k. The whole situation has been quite stressful especially considering I just sunk a bunch of money into it paying rego/insurance/new battery as well.
I was wondering if the good people of OzBargain could share some advice/guidance. If you were in my situation would you cut your losses and try to sell the car ASAP and for how much? Go to a mechanic willing to do the engine replacement for cheaper? See what I can get to scrap it?
Cheers
Me personally, I'd strongly consider buying a running write off and swapping the engine myself. You might find an independant mechanic who can give you a quote for a swap with a 2nd hand engine.