Hi, our Rav 4 expired very unexpectedly on the way to work the other day.
Called the RAA (Adelaide) who checked all the vital fluid levels etc which were all ok. His thoughts were that the motor had seized, so then got tow truck to get the Rav home. Got a mobile mechanic to have a more detailed look at it, and he tried a few different things, but he came to the same conclusion that the engine had seized for some unknown reason.
The Rav only has 180k on the clock and is a 2003 model which we have owned since new, so it owes us nothing, and has always been serviced and well maintained, and until now has never missed a beat.
We had just decided to donate it to the daughter for her to get her L plates to learn to drive in it.
Long story short is, what to do with it now, rebuild the existing motor, or go for an exchange motor and take the chance with its unknown history.
Cheers, John
Exchange is generally cheaper but as you say can be a bit of a gamble. A reputable exchange place will offer a warranty.
A rebuild could open a whole can of worms and get more expensive as they find additional problems along the way, especially if you adopt a "while you're in there" approach.
As it's 21 years old I would just flog of the car to the highest offer on marketplace as a non runner, as is, where is and move on. At that age additional problems are due like suspension, steering etc problems. Plastic components like fuel tanks and other engine bay components are approaching the end of their usable life as well.