News: USA - repower or replace? your choice could cost you thousands
When serious engine trouble hits, the Engine Repower Council (ERC) recommends that vehicle owners ask themselves if they should repower or replace the vehicle. The choice can result in a cost difference of thousands of dollars.
Friday, 2nd July 2010
"If you had a serious plumbing problem, would you repair your current plumbing or install all new plumbing? What if covering the cost of the new plumbing meant you had to apply for a loan that would take you years to pay off? What if your homeowner's insurance rate would increase significantly if you bought the new plumbing? This may seem like an absurd scenario, but when engine trouble hits, many vehicle owners don't even consider repowering their engine instead of taking on the financial burden of buying a whole new car," said Ken Carter, chairman of the Engine Repower Council.
Because many consumers don't realize the financial benefits of engine repowering, the Engine Repower Council has created a cost comparison chart of popular vehicles to illustrate the cost difference between repowering and purchasing a new vehicle. For example, to replace a worn out engine with a remanufactured/rebuilt engine in a 1980 to 1995 full size V8 domestic pickup would cost $2,700 to $3,450 compared to an average cost of $30,000 to purchase a new vehicle. "The cost savings is significant and that is without taking into account auto loan interest and increased insurance rates," continued Carter.
With repowering, a vehicle's engine or an identical one from another like-vehicle, is completely disassembled, cleaned, machined and remanufactured/rebuilt. Unlike used or junk yard engines with an unknown performance and maintenance history, repowered engines are dependable, reliable and backed by excellent warranty programs. To learn more about engine repowering and view the Engine Repower Council's cost comparison chart, visit their web site.
The Engine Repower Council is a non-profit organization dedicated to educating consumers about the economic, performance and environmental benefits of remanufactured/rebuilt engines. The Engine Repower Council supports the "Be Car Care Aware" consumer education campaign.
European Remanufacturing Council launches with a nod to Hollywood
The newly-launched Conseil Européen de Remanufacture plans to represent companies which produce €30 billion of remanufactured products and employ 190,000 people across Europe.
Request for stakeholder engagement from the Wuppertal Institute
The Wuppertal Institute are looking for reuse and remanufacturing stakeholders to contribute to two projects analysing the barriers to reuse and remanufacturing in Europe.