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I would first ask the opinion of a qualified and experienced body/frame shop. Critical damage is not often visible from the outside, and their opinion might encourage you to go one way over the other. I had a similar experience with a Ford Escape a few years ago, and once I saw the hidden damage, I realized that they totaled it for a reason.
1992 968 Cabriolet
Volvo S60 Turbo AWD
Lexus RX 300 AWD
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So sorry for your loss. It sounds like you really dodged a bullet and I'm glad you weren't hurt.
After thorough inspection I would say that you should rebuild the engine you have. If Ivan is leery of the one proposed to buy for $4,500, you'll probably pay twice.
If the turbo is on Ivan's dime, I say go for it, otherwise it looks like a rabbit hole for $$$.
JMHO,
Jay
“Faster, Faster, until the thrill of speed overcomes the fear of death.” - Hunter S. Thompson
"I couldn't find the sports car of my dreams, so I built it myself." ~Dr. Ferdinand Porsche
"968Forums, a quaint little drinking community with a serious horsepower problem"
"Life's journey is not to arrive at the grave safely in a well-preserved body, but rather to skid in sideways, totally worn-out, shouting, 'Holy sh*t! What a ride!'"- Unknown
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I had a similar event a few years ago, bought the car back from insurance. No regrets at all, fixed it up, but the economics were very different since I was able to do essentially all repairs myself. Remember that the car needs to be a keeper at that point, since with a salvage title the market value will be less than what it is worth to you.
Roland
'93 Coupe Tip Silver on Grey, '02 911 C4S, '89 Vanagon Syncro -- (RIP: 944, 911SC, 931, MGB, VW Bug, GTO, Sprite.)
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Cosimo, I'm assuming that you didn't have a stated value policy...this would be a good time to remind everyone that you should have a stated value policy...
Jay
“Faster, Faster, until the thrill of speed overcomes the fear of death.” - Hunter S. Thompson
"I couldn't find the sports car of my dreams, so I built it myself." ~Dr. Ferdinand Porsche
"968Forums, a quaint little drinking community with a serious horsepower problem"
"Life's journey is not to arrive at the grave safely in a well-preserved body, but rather to skid in sideways, totally worn-out, shouting, 'Holy sh*t! What a ride!'"- Unknown
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I'd be surprised if it really needed sleeving, usually if you run out of oil a cam seizes first and the bottom end is just fine.
Joel Frahm
1992 968 Cabrio Black/Cashmere
1994 968 Cabrio Iris Blue/Lt. Grey - Supercharged
1987 928S4 Diamondblau/Blue