Cracked Leaking Oil in 1998 Chevy Silverdao 5.7L
I have a 1998 Chevy Silverado Ext. Cab Z71 with the 350 Vortec 5.7L V8 with 203k miles on it. The truck has been running just fine until I went to the store the other morning, when I got out I could smell s slight sent of burning oil. When I got back in 10 minutes later and began driving home the truck completely died on me. After pulling off to the side of the road I could see it was leaking oil from above the transfer case and around that area. It will not turn over; I believe the engine is seized. The pressure did not drop or temperature rise. The shop says I need a new engine and was hoping I could get some feedback on what the best solution would be to go new, used, scrap, or what. I love this truck and do not want to get rid of it but worried about throwing money away. Any suggestions advice or personal past experiences would be great.
Thank you