How much is a 2008 ford escaoe hybrid with a blown engine worth?
I have an escape hybrid with about 180'000 kms. The engine blew and can't be rebuilt. The ford dealer says it needs a replacement motor, $7000 with taxes and labour. The vehicle would be worth $11'000 (based on researching the buy and sell) so the dealer offered to give me $4000 to put towards a new vehicle. They said they will have to auction the escape and would be lucky to get that money back. Is this a fair deal? The vehicle isn't perfect. Lots of scratches, dents, worn out seats and steering wheel, it's not in the best condition. My other option would be to fix it then sell privately. I will not be keeping it.
Well, if a car that in good shape would be worth $11K needs $7K in repairs, then simple arithmetic shows that $11K minus $7K equals $4K.
You could check with an independent mechanic to see if that engine replacement diagnosis and cost are both reasonable.
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