Do I REALLY need a new engine?!
(Cross-posted from Miata.net)
FACTS: 2003, manual, 55K, no issues. Ever. Well maintained. Driving to work Thursday morning, notice A/C not really cooling off, then immediately steam from under hood--right front corner (overflow). Exit highway immediately, shut off engine; 2 minutes, max. Rusty (?) water spewing from overflow. Turns out rusty = milky: oil + antifreeze. Local Miata shop says no compression #3, need new engine. That's about all I got from him--any more means tearing into it, which means money...
Shop (rather quickly) found out-of-state used engine 45K miles, $1200 + $350 shipping. Offers 6 month warranty. Shop says do timing belt, clutch, new brake pads (oil soaked) and radiator (due to oil inside). Total cost right at $4000. I've poked around on net and located a near-by 2004 53K engine for $1000, 90-day (!) warranty.
I've haven't time or inclination to do the work myself.
Does this all sound about right...? Are there more questions I should be asking the shop...?
Thoughts?
(for you local folks: "shop" = Miata Technologies. Rant away, it was a matter of logistics...)