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Unread 08-24-2012, 01:57 PM   #1
zangetsubaby
Registered User
2003 KJ Liberty 
 
Join Date: Aug 2012
Location: Glen Rock, PA
Posts: 1
Need some Help

Financed an '03 Jeep Liberty Sport about 3 years ago. I still owe about $3000 on the vehicle and yet I'm experiencing engine failure. Took it back to the dealer and I was quoted $7400 (before taxes) for repairs on the following: Engine replacement, catalytic converter replacement, muffler replacement, Oxygen sensor replacement, serpentine belt replacement, and a coolant overflow tank replacement; plus the cost of a "used" engine (I've heard this can cost between $1500 and $4000). Like I said I still owe $3000 on the vehicle... am I better off paying for all these repairs? Or would it be better for me to try to trade in my vehicle as-is? Or maybe should I try and pay it off and part out the vehicle? Please I could use some help here.

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Unread 08-26-2012, 01:21 AM   #2
jnicewan
Registered User
1995 ZJ 
 
Join Date: Dec 2010
Location: Norman, OK
Posts: 2,006
Not exactly a technical question but it sounds like you have a pretty difficult decision to make. You might try to get an idea on what you get out of it if you traded or sold "as is" of course. Since you are still financing you probably have good insurance, so you might check with them to see if they might cover the repairs, depending on what happened to the engine. If you drove into deep water on a flooded road or something your insurance might help you. I have even seen some policies cover unexplained failures too. You would probably have known if you have one or not but did you happen to buy an extended warranty when you financed?

Spending that kind of money on a vehicle like that would seem like a waste to most people but its definitely not worth much when its broken either. If you knew you were going to keep it for a long time then it might be worth fixing it. Your options could be trying another repair shop thats cheaper, most independant shops have lower labor rates then dealers and aftermarket parts (catalytic convertor) can be much cheaper than dealer parts.
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