Thom, sorry to hear of this.
As the mileage on an average 986 continues upward, the likelihood of engine failure becomes all too real.
A 100K mile 2001 3.2L used engine can be bought for $3500 + $1500 swap by your local shop and the car could be back on the road for $5K. This would last another 10 years at 5K mi/yr.
Best of luck with the XK8!
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1999 996 C2 - sold - bought back - sold for more
1997 Spec Boxster BSR #254
1979 911 SC
POC Licensed DE/TT Instructor
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