Just blew my v6 truck up, how hard is it to replace it with a hemi v8

[christians4hope]

So on the highway and went to pass a car... Had oil, had great oil psi, coolent ect...

How had is it to put a hemi v8 in my truck?

I have a 2017 Ram 1500 crew cab, express. With the V6 3.6 vvt
5 lug and the cheesey V6 transmission

I can't sell it, I can't trade it, I owe about 4k to much than it's worth and I can't take a huge loss

What do I do? Another V6 or v8.

 

[Dean2]

Just stick to a V6 replacement. The total cost to go to V8 is WAY too high and finding a place that can actually do it properly is even harder. If you want a V8, fix this one as cheaply as possible, a good independent may be able to fix without a full replace as you don't say what actually happened to the motor, or a junkyard pull out and trade it on a V8.

 

[Docwagon1776]

$4k upside down on a 7 year old truck and not in a position to take a loss?

Salvage yard V6 and concentrate on paying off the debt.

 

[Burla]

Get a new truck if your credit is still ok, let bank take the ram, hopefully your new old truck with last 7 years where it will no longer show up on credit? The fact is that it is the banks truck and not yours. Why fix up the banks truck and take on all that risk? I would suggest something different if you had it paid off. Sometimes you need to cut bait and run.

 

[Dean2]

Get a new truck if your credit is still ok, let bank take the ram, hopefully your new old truck with last 7 years where it will no longer show up on credit? The fact is that it is the banks truck and not yours. Why fix up the banks truck and take on all that risk? I would suggest something different if you had it paid off. Sometimes you need to cut bait and run.

Burla, you consistently post good, high quality advice but That stuff above is REALLY bad advice. F'ing up your credit over 4000 bucks is like cutting off your leg because you have a hangnail. OP do NOT even think about doing this.

It is not the "Bank's" truck. You picked it and you are responsible for the fact you owe more than it is worth. Default on this loan, it will affect credit cards, other bank loans and even mortgages. You will end up paying a LOT more in higher interest from having to borrow in the sub prime market, as well as likely to be declined by many lenders, and potentially have credit cards you already have, cancelled for dropping below their credit score cutoff. Bad credit follows you for a lot longer than 7 years.

 

[Burla]

I like that, very classy way to dress me down, lol. Thumbs up.

 

[jws123]

Just throw a used v6 in it if they are all over just check junk yards if you where close to me I have a spare sitting around not worth shipping.

 

[Docwagon1776]

Get a new truck if your credit is still ok, let bank take the ram, hopefully your new old truck with last 7 years where it will no longer show up on credit? The fact is that it is the banks truck and not yours. Why fix up the banks truck and take on all that risk? I would suggest something different if you had it paid off. Sometimes you need to cut bait and run.

Repossession doesn't clear the debt unless he declares bankruptcy. The bank will auction it then seek a judgement against him for the difference in what it brings at auction vs what he owes, and they'll tack on fees for it.

Running just means getting chased.

 

[Burla]

Repossession doesn't clear the debt unless he declares bankruptcy. The bank will auction it then seek a judgement against him for the difference in what it brings at auction vs what he owes, and they'll tack on fees for it.

Running just means getting chased.

From Captial one, this is just wrong. The would have to renew any judgement as well, which is less then likely on a small loan.

Banks take a ton of risk but they charge a boat load for it. It is in fact right this minute, their property. I have built up a score over 800, probably near perfect at this point having paid off 4 homes. But it isn't worth a hill of beans if I don't buy another home. I understand about responsibility, and have obviously embraced it on a personal level. But if someone is so far down they would rather sink then lose 100 points on some credit report, you will get that prize. Putting a used engine in the banks truck already upside down on and that is the only move hear? Just giving the fella options.

 

[Burla]

The best way to do this is turn truck in voluntary, least damage in points and time. If you feel like being a good citizen, make a payment plan. But main thing is buy next truck first.

 

[Docwagon1776]

From Captial one, this is just wrong. The would have to renew any judgement as well, which is less then likely on a small loan.

Well, to quote your own article:

The lender may either keep the repossessed item or sell it to recover at least some of the loan balance. The borrower might still owe money after the repossession if the lender doesn’t recover enough.

• Collections: If there’s still a balance after the lender sells your repossessed property and you don’t pay it, they could turn the account over to collections.

And keep in mind that lenders might take legal action too. Although court judgments no longer appear on credit reports or factor into credit scores, they’re still part of the public record. If a lender looks up your public records, this could make it harder to qualify for future loans.

So, no, it's exactly right. Repossession doesn't wipe out the debt if the item held in collateral doesn't sell for enough to satisfy the debt. The bank probably won't go after you for $4k. They'll sell the debt to a collection agency who's sole existence is about hounding you until they recover through judgements, liens, or just wearing you down. If they don't get it, they'll resell your debt to refresh it.

It is not the bank's truck. It's the OP's truck that is used as security for a loan. Significant difference.

 

[Burla]

I didnt say he wouldn't owe w/o bankruptcy, they legally cant ding his credit after 7 years. The creditor only has the right to contact you after 7 years, not keep dinging credit. hopefully whatever he chooses works out.

 

[Docwagon1776]

I didnt say he wouldn't owe w/o bankruptcy,

It seems like that's what your implying by saying my post was wrong and by saying "cut bait and run". What, exactly, do you think repossession does for the OP then? Gives him less return than just selling it on his own and using a personal loan to cover the difference and now he doesn't have a vehicle. Or you think taking on more debt while simultaneously trying to cover the old loan + fees is a better play? This is terrible advice.

It's cheaper to put a used V6 in and he still has something to drive. Work on paying off the loan and laying up money for the next vehicle while getting out from under the debt cycle.

 

[jr27236]

Back on track fellas. LOL
OP just do the V6 replacement or repair (as you didn't state the damage)
Pay off the truck and make a smarter purchase on your next truck.

 

[crash68]

@christians4hope given the 2024 Classic is still the same engine as your '17, finding a low mileage salvage engine should be the most cost effective.
The Hemi swap would be possible but now your looking at swapping the transmission and exhaust too(there's probably a few other odds and ends also), but again the Classic trucks are still the same so more possibilities of parts.
As some of the other members, sounds like you need to right the ship financially wise before diving into spending money that's not needed.

 

[Atcer2018]

So on the highway and went to pass a car... Had oil, had great oil psi, coolent ect...

How had is it to put a hemi v8 in my truck?

I have a 2017 Ram 1500 crew cab, express. With the V6 3.6 vvt
5 lug and the cheesey V6 transmission

I can't sell it, I can't trade it, I owe about 4k to much than it's worth and I can't take a huge loss

What do I do? Another V6 or v8.

The short answer is it can be done. The better answer is it will be expensive and complicated. It’s more than just changing out an engine. You’ll have a different engine, transmission, wiring, powertrain computer and programming.

You don’t give much information about what happened to your truck on the highway. The Pentastar is a pretty reliable engine and not known to just go pop at highway speeds. Chrysler has built over a million 3.6L. Not a great truck motor but as a grocery getter they do well. What’s the diagnosis on your present engine? Can it be repaired?

The truck in your avatar looks pretty nice. All the 4th generation 1500’s are 5 lug. The V6 transmission is the 845RE and it’s a clone of the 8HP in the V8 and a pretty dependable unit. Getting your truck back up and running will be the least expensive if you stay within it’s current configuration.

 

[co-pilot]

like several have said , just replace it with a salvage yard V6 and trade it in on a V8 truck ....will be the less expensive way to go
plus you won't be a POS for defaulting on a loan like some have suggested

 

[Racer9]

Since similar trucks are selling anywhere in the mid teens and up, you'd need that much to replace it, and walking away means that the loan would cost much more than you're paying now.
A Hemi swap is not the right solution.
First, diagnose the problem with your current motor, and the cost of repairing it. Depending on mileage, decide if a replacement used motor would be a better choice.
Once repaired, pay it off as quickly as possible, then continue to drive it while saving for a replacement truck, with a Hemi if you wish.

 

[Sherman Bird]

Burla, you consistently post good, high quality advice but That stuff above is REALLY bad advice. F'ing up your credit over 4000 bucks is like cutting off your leg because you have a hangnail. OP do NOT even think about doing this.

It is not the "Bank's" truck. You picked it and you are responsible for the fact you owe more than it is worth. Default on this loan, it will affect credit cards, other bank loans and even mortgages. You will end up paying a LOT more in higher interest from having to borrow in the sub prime market, as well as likely to be declined by many lenders, and potentially have credit cards you already have, cancelled for dropping below their credit score cutoff. Bad credit follows you for a lot longer than 7 years.

Bad credit follows one like an evil shadow.

 

[David H]

Wondering why so many assume he's upside-down on the truck or owes money. Post #3 was a question and not from the OP.