Thomas the Service Manager at Courtesy Automotive called today with bad news. They are recommending I replace my 6.2 motor with a Jasper reman since there is metal in the oil. I am completely devastated but had a feeling it might come to this. I'm looking at around $10k - $12k but I haven't gotten a formal quote yet from them. If I sell this truck in its current condition I would be lucky to get a few thousand for it. We owe $9k on this truck, which is definitely not a good situation to be in. If I had paid $4k-5k for the truck knowing it needed a new engine I probably still might have bought it and made the investment. They said they could tear into the motor and determine what is actually wrong with it but I'd be paying labor for that. I did get a quote from a place near LT's shop called
Acer Engines that would pull my engine, recondition the block and replace everything inside for $5000 plus tax. That would have a 12,000 mile / 12 month warranty. The Jasper Reman would have the 3 year / 100,000 mile warranty.
My wife actually is taking this better than I am. She says we don't have a choice and we have to fix it because we will still need a second car no matter what. We will loose thousands trading this in and still have the loan. I'm definitely going to have to get creative with paying for this engine replacement. I bought this from a dealer and the only way I could get money back from them is by taking them to arbitration, which would mean I would have to pay for a lawyer as well.
Thomas said that LT would be looking at the truck later today or tomorrow himself to clarify what my options are. I feel like such a naïve and foolish mark for ending up in this situation, especially after having the pre-purchase inspection done. If I did move forward with the rebuild or engine replacement I would have a new torque converter installed so at least I won't have to worry about the transmission for a while. The tremendous joy I had when I bought this thing 5 weeks ago has just turned into absolute sadness. Curious to hear anyone else's thoughts on how to move forward.