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If you just want to replace the engine and sell the car without any warranty as a project, do it.
If you want to keep the car, just keep another 4k in mind. Just for parts you need to replace the engine and give it a big service - also think about seals, sensors, sparks, wiring, coolant, radiators water pump, thermostat, generator, clutch, flywheel, ims, suspension, tires, brakes…
Regards, Markus
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