2001 Ford Cobra mustang cobra engine rebuilt

2001 FORD COBRA
122,000 MILES • 4.6L • V8 • RWD • MANUAL
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HENRYS510
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Hello,
I'm in need of help ! I have a 2001 mustang cobra that unfortunately needs engine repairs. It was low on oil, so the engine is now making a loud knocking noise, I want to know if its worth repairing the engine or buy a new one. If repaired how much would I be looking at in parts and in labor? I currently have one quote from a personal mechanic for 4,000 is this a fair price?

Thank you in advance for your answer !
Jul 9, 2015 at 10:34 AM
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HMAC300
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check around on the price it sounds fair but you may might find a rebuilder that will do it a little cheaper and back it up. you can always get one from a junkyard as a cheaper alternative as well.
Jul 9, 2015 at 12:10 PM