Last post on May 29, 2013 at 9:37 AM
You are in the Smart Shopper
What is this discussion about?
Nov 02, 2002 (12:31 pm)
My 1999 4cyl Camry threw a connecting rod at 60,400 miles just before trade in. Toyota refused to replace the engine due the warranty had expired...although addmitting that there must have been something wrong as the car has a perfect service record. There was no evidence of sludging etc. ( see The Camry Message Board).
The engine is being replaced with a "RE-BUILT" engine by Geico under extended warranty.
Will the value of the car increase or decrease at trade-in/sale due to the installation of the rebuilt engine? i.e will the value of the car be affected? I need to know as I will be getting myself a Honda!
#2 of 241 There are many opinions on the matter,
Nov 02, 2002 (1:46 pm)
here is mine is it reads in my case reports:
I confirmed through comparison of the part number used in the engine replacement that, in fact, a “new” engine was not used in the replacement operation – a “remanufactured” engine was used and several points come to light on this issue:
- A remanufactured engine uses an engine block from unknown origin, application of vehicle and mileage on the “donor” vehicle.
- A remanufactured engine’s internal components are usually only replaced if they are “out of specs” with a certain requirements - obviously not the same wear and tolerance specifications as a new engine.
- A vehicle with a remanufactured engine, especially a newer vehicle such as this, bears the burden of “not being in original condition” and subsequently assumes a loss in value of at least 40% - considering there are no other contributing factors as is not the case on this vehicle.
- An educated consumer or used car manager, upon having the ability to compare this vehicle to one that is similar but is equipped with the original engine, would choose the original vehicle. Even if the mileage on the vehicle with the original engine was more than on the remanufactured unit, a buyer can be certain the original engine is built to tighter tolerances and constructed by the vehicle’s manufacturer – not an “aftermarket” engine-rebuilding factory.
*** Bear in mind that I work for plaintiff's attorneys in lemon law cases and I show the bad side of using a reman engine. I some situations, you may not see a decrease in value, depending on the appraiser and your method of disclosure of the vehicle's warranty/repair history.
Nov 02, 2002 (5:22 pm)
The quality of the remanufactured engine depends on the rebuilder. How many miles it may have had on it really doesn't matter.
I don't think it either adds or detracts from the value of the car. It may scare off a prospective buyer though.
Nov 02, 2002 (5:44 pm)
I've never disagreed with you on anything, but...
"How many miles it may have had on it really doesn't matter"
That's just it, we don't know whether it had 30,000 miles or 300,000 miles. That's why I feel the way I do about remans. We're also not talking about some custom engine, like the one I want to put in my Mustang from Probe Industries - that's all miked out, balanced and blueprinted, top shelf components and a dyno run to prove its worth. You simply don't get any quality assurances (other than a brief warranty) with a reman.
Nov 02, 2002 (8:33 pm)
Man....I do not like what I am hearing here! I am therefore doubly pissed at Toyota's dealership for refusing to help with a factory replacement especially knowing that I was ready for a trade-in! This was the same dealership that I have done ALL servicing/maintenance since new ..... EVERY 5000 miles!
As soon as I get back my car I'll let you all know which dealership I'm talking about!
Nov 02, 2002 (8:49 pm)
I can't believe Toyota wouldn't cover the repair given that it's been regularly maintained and barely out of warranty. Did you talk with corporate Toyota reps or just the dealership? I've seen Toyota replace head gaskets on a 1993 4Runner with 150k for free, so this case is really surprising.
Nov 02, 2002 (10:07 pm)
I spoke to corporate Toyota who gave me a reference number etc. etc..... and ...referred us back to the dealership! Having found out we had extended warranty, Toyota was only willing to assist with the deductable. In the end I have lost the value of my car..the very reason why I had bought a Camry and kept it well maintained in the first place! Such is life!
#8 of 241 i think that
Nov 02, 2002 (10:15 pm)
... how it affects the value depends on the car.
in my opinion i tend to think that if it's an old car with high miles and all that a rebuilt engine will actually make it worth more than one with the original engine... however in your case a 96 camry would probably worth less than if it had the original engine especially with 60k miles.
Nov 02, 2002 (11:00 pm)
I know this doesn't really help, but we all get our scaldings on a vehicle here and there, should we have the opportunity to live long enough, and buy-sell-trade a few. It's painful, but tolerable if you recognize the odds. Once you have it up and running, one way or the other, and get the miles from it you want, let me
recommend that you take a look at the Nissan Altima and the Honda Accord. They're both rated at the top, and they compete with the Camry more than successfully.
Nov 03, 2002 (6:34 am)
You would have gotten a reman motor even if the Toyota dealer had covered the repair under warranty. There is no way a "new" motor would've been installed, even at 10,000 miles.