Rebuild Or Replace?
Your Choice Could Cost You Thousands
BETHESDA, MD – June 21, 2010 – When serious engine trouble hits, the Engine Rebuilders Council (ERC) recommends that vehicle owners ask themselves if they should rebuild or replace the vehicle. The choice can result in a cost difference of thousands of dollars.
“If you had a serious plumbing problem, would you repair your current plumbing or install all new plumbing? What if covering the cost of the new plumbing meant you had to apply for a loan that would take you years to pay off? What if your homeowner’s insurance rate would increase significantly if you bought the new plumbing? This may seem like an absurd scenario, but when engine trouble hits, many vehicle owners don’t even consider rebuilding their engine instead of taking on the financial burden of buying a whole new car,” said Ken Carter, chairman of the Engine Rebuilders Council.
Because many consumers don’t realize the financial benefits of engine rebuilding, the Engine Rebuilders Council has created a cost comparison chart of popular vehicles to illustrate the cost difference between rebuilding and purchasing a new vehicle. For example, to replace a worn out engine with a remanufactured - rebuilt engine in a 1980 to 1995 full size V8 domestic pickup would cost $2,700 to $3,450 compared to an average cost of $30,000 to purchase a new vehicle. “The cost savings is significant and that is without taking into account auto loan interest and increased insurance rates,” continued Carter.
With rebuilding, a vehicle’s engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured - rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, rebuilded engines are dependable, reliable and backed by excellent warranty programs.
To learn more about engine rebuilding and view the Engine Rebuilders Council’s cost comparison chart, visit www.enginerebuilder.org and click on Cost Comparisons.
For more information, contact: