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Honda Unicorn - Change of Engine

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Hi
I have a Unicorn Oct 2008 make. It has run about 45000 Kms. I had given it for service at the service center and the service guy says, there is a problem with the engine (some funny sound emanating ) and It may have to replace the crank shaft, cam shaft, bore, timing chain etc etc... Looks to me as if it is the entire engine, that I need to change/ replace.

I am faced with 2 options.

1. Sell the bike, go for a new one. This is a viable option, but I do not think it will fetch a good return and a new one is nothing less than 80K
2. Do what he says. It would cost about 12-15K all inclusive.

If I go for option 2. Is it a good Idea? Will the change mean I could travel for another 30-40 K atleast assuming the rest of the bike holds ?

What are your views? Need some guidance. Please help.

Thanks in advance

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