Hey All,
We bought a patrol 2 months ago (1997 GQ ST 2.8TD with 380,000km). We got it reasonably cheap, and expected there to be work need on it. We also knew there was a possibility it would need a new engine too, as it was sold as "serviced every 5000km" but no evidence.
It drives very well - and is in good condition too.

Anyways - we booked it in for a major service and checkover - knowing that there may be some serious issues.
So the mechanic (who we trust) called me today and said the crankshaft is in a bad way, and some other stuff too (sorry - i'm a girl, and it doesnt mean much to me :S )
He is gonna take a look and come up with some ideas, but he did mention it might be worth considering getting a new engine.

So, here's where you all come in (hooray)
Anyone been through this before? And can anyone explain pros/cons of new engine, Vs reconditioned etc etc. I have a budget in my mind - but would be really grateful for anyone who can give me an idea of what it may cost, so I don't die of shock when I see the mechanic on Friday.

Any advice is gratefully received!