What is a decent price for changing both timing chains on a 1998 ford explorer?

Would it be better to have the engine replaced or rebuilt (since I was quoted $3200.00 for changing the chains) ?|||since the 5.0 was offered that year, it might make more sense to switch it over to a 5.0 V8... but then you might find another one cheaper then doing either way..|||Your 4.0L actually has 4 chains, three in front and one in the back. If the chains have slipped or broken then chances are VERY good that some valve damage has also occurred. We have learned over the years to just quote engine replacement right from the start. Although the labor times are nice for repair we found the internal damages(no matter how slight) to be common enough that it is better for the customer and the shop to just go with a repl. longblock.You then have a warranty of at least 12 mos./12,000 mi. parts and labor if any problems occur depending on which repl. engine you opt to go with.