I have a 2002 Toyota Rave4 4dr/4WD which has been running great until 2 weeks ago when the oil light went on and the car stalled out. (The engine light has been on for about a year. It has been checked by the dealer twice during this past year.) I towed it to the dealer who ran a diagnostic and came up with the following codes: P1349 VVT system Malfunction Bank 1, and P1135 Bank 1 Sensor 1.
I was told that the mechanic pulled the oil pan and found the bottom of the pan and pick up covered in metal shavings. They told me I should replace the engine at a cost of $4,000 to $5,000. They cleaned out the pan and changed the oil and the car ran again. I told them I would have to think about the engine replacement as I don't have the funds for this expensive repair. Thankfully the car is still running, the oil light is not on, but the engine light is still on. My question is should I start saving for a new engine? TIA
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