I had posted here a few months about, car was misfiring, shaking and making a strange noise on acceleration. We thought could be the coil packs. I did some investigation and just nothing was working. Next step was a compression test but since its winter here and I don't currently have a garage (its feels like -19F today (-28 for my european friends) I decided to just take the car to the shop, next step was a compression test which they did. Well, no good news there, they told me cyl 5 has no compression at all. They thing its a piston or a ring. Their recommendation is a new "old" engine.
Obviously this is not going to be cheap but my problem here is putting an old engine in that might have issues soon enough. There is an engine with 92k miles available, its almost $4000. After labour we are probably looking at 7 or 8. Am I crazy but this just does not sound like a good idea, at 92k it could need HGs done amongst other things. Other option is a remanufactured engine but that jumps to $8000 + labour which atm it is not something I am willing to spend.
Rebuilding could also be an option but also not cheap and in some cases could be as much as a "new" engine if done properly.
I really love the p38 and this one is in great shape, still on air of course, body in fantastic shape, I just did all the rear brake lines myself and other bits and bobs. Am I crazy to try to do an engine replacement myself? My idea is if I do this and there are issues in a few years oh well at least I learned vs paying someone and getting nothing for it. I have never done something of this scope but I love learning, a few years ago I did not even do my own oil changes but have been replacing stuff on the p38 and just learning a lot. This would take me a long time to do and I have other cars so time is not a problem.
Or if you guys have any other ideas I would love to hear them. I probably should just let it go but I just love this thing too much,.
Thank you