Monday, October 6, 2008

Only 1/2 a valve job

So from my perspective things have gotten a bit worse. While the timing was off in the car it was not off enough to cause the engine problem and compression difference from on bank to the other. They believe the car needs a valve job.

If you have been following this blog you will say “Wait a minute, didn’t that car have a valve job? Isn’t that one of the reasons you bought it?”

Yup, that was one of the reasons. Turns out it has had ½ of a valve job. Only one bank of cylinders was done. I can understand why, it costs an arm and a leg then a bit more. I wish I was told this when I bought the car. Even though this procedure when coupled with the replacement of the timing belt will add some value to the car I do not expect to recoup 100 cents on my dollar. If I don’t do the work I would be uncomfortable selling the car to my dad, or anyone else for that matter, and I would expect the car would sell at a discount which would be greater than what I will forfeit if I do the service.

One of my goals was to test my theory that you can buy a Ferrari drive it for about a year and not lose a bunch of money. I still think that is true, just not with this particular Ferrari at this particular time. Tomorrow I plan on stopping by RTGT and discussing the plan with them. I expect to tell them to fix it. I wish my year with the car was not drawing to a close in this way but so be it.

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