My car, 99 Toyota Camry (KBB
~ $5000), just threw a rod. Mechanic I trust says needs a new engine and estimated $2500 for engine, labor, new timing belt and water pump, etc.
I love the car. This is the first time I've had to have it in the shop for anything mechanical. Great mpg, everything works well but I've never had to replace an engine and am wondering if it's going to fundamentally change the car. My other option is to purchase a used vehicle but I'd rather not have to go through the rigamarole of finding, purchasing, insuring and getting used to a "new" car that I might end up hating; having said that, the prospect of a new car is tempting and I've found some for $5-8k that would only be $75-125 a month after my down payment, well within my means.
So, has anyone replaced the engine in their car and not regretted it? Is the car at least similar in performance? I'm not so concerned about the KBB value but I would like for it to last for a few more years. Is a new engine a worthwhile investment or am I looking at more problems and disappointment?