I have a 2016 Suburban in close to excellent condition, and I have a dilemma. It needs a new engine replacement at a cost of $11,500. I just replaced the entire transmission, tires, shocks, and struts last November. My question is do I trade in the Suburban for ($14,200) and get a new vehicle??
1. My first option is as follows:
2026 Equinox Activ I could use the trade as down payment and the 48 month payment would be $465 and the 69 month payment would be $395.
Option #2 I would get a Chevrolet Equinox EV they get my Suburban as a trade in and they will give me $5,888. This would be a two year lease and 15,000 miles per year
#3 Option I would get a Chevrolet Blazer AWD RS EV which would be a 2 year lease and 15,000 miles a year. They get the Suburban and it’s a wash.
i am not keen on an EV because I do home infusion therapy so I do a lot of traveling up to 2.5 hours one way. Plus I have a daughter who lives in Kentucky and I travel often to the Upper Peninsula of Michigan.
Bottom line is it worth replacing the engine and keep the Suburban. I love my Suburban!!

 

In the pictures, your Suburban looks like it is in excellent condition. I would check other shops to see if I can get a better price to replace the engine. I would also look at getting your engine rebuilt for much cheaper. I think I would fix the engine problem and keep it with no monthly payments. I do wonder why both your engine and transmission failed. How many miles are on it and did you do the regular maintenance on it?

 

Absolutely, have done all maintenance on schedule. It has 150,000 miles on it.