I've got mixed feelings on this one. Some of you guys sound like you wouldn't tow the car home if it were free. Assuming the worst, and the engine needs to be replaced, the rolling chassis has got to be worth $4000. I sold a 97 Eclipse a couple years ago with a known blown engine for only slightly less than that. Crumpled cars of that age sell from salvage lots fro much less than that. Here's an example:
http://www.easyexport.us/carfinder/vehicle/CLEAN_TITLE_PARTIAL%2FINCOMPLETE_REPAIR_1998_PORSC HE_BOXSTER_11455550