A friend of mine recently took hold of a Ferrari 355 Spider. The car is in need of a major engine rebuild. Two of the cylinders are just about out and a compression test shows the whole engine can fail at any moment. Ferrari of Edison gave a rough estimate of about 40-50k for a rebuild....obviously not worth it when you consider that a well maintained 355 can be found for slightly more money. Let me state that the car was essentially given to my friend for free (yes that sounds outrageous but I won't go into the details of that ). This predicament has left my friend and I wondering what the best path to take would be with this car. He doesn't want to spend $50k. He loves having the car, and would like to make it usable. So we are left with the options:
1.) Find a used 355 engine and rebuild ($$$$$, hard to justify)
2.) Do an insane engine swap (2JZ, RB26DETT, LS7...yes probably the most sacriligious act that can be made in the world of automobiles, yet so outrageous, the idea seems cool )
3.) Drive the car until its inevitable engine failure (most destructive option)
4.) Sell for parts (yawn, how often do you get a Ferrari given to you? And he doesn't need money)
What does TCL think of this unusual scenario?
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