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If they did all that and said it's something in the engine that I'm have to agree that's it's probably pretty serious. Since you only owned the car a short time it's impossible to know how well maintained the car was or even beaten on.
Sounds to me ( my opinion ), they are quoting you a price to pull the motor and inspect it, and that can involve allot of time and effort. Since the engine is stock, finding another to drop in would be your most cost effect way to go. Unless you wanted to keep the car...
Also, I'm not aware of broken rods being common, but what TTP is probably referring to ( again, I'm guessing ) is that the rod bolts stretched or the cap area cracked. If it did, it more then likely damaged the crank. pretty rare you hurt a rod/bearing and not do some amount of damage to the crank.
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93Z M6 Black: The 385 Lives! Supercharged, 3-core front mount intercooler, GTP heads, 3:73's, Street twin clutch, Jethot Longtubes, Mufflex 4" catback/spintech, S+W cage, Spohn Suspenion, Yada Yada Yada
1) Build it
2) Race it
3) Break it
4) Repeat!!!
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