[bradknowles]

2011 Nissan Juke with five year/50,000 mile warranty. Bought in 2012, only one owner. In good condition with roughly 45,000 miles in December of 2019, Kelley Blue Book resale value of about $7,000.00 USD.

Timing chain breaks. Out of warranty. Cost from dealer is estimated at $10,000 for a complete engine replacement, plus turbos. No joke.

Takes the vehicle down to net negative value, which can only be declared a complete loss and sold for parts.

NB: Cost estimate from reputable third parties is $7,000-8,000, not a full replacement but only a partial rebuild. Doesn’t materially change the result.