I just bought my 95 z28 m6 a month ago and its dead...

Coming home 2 nights ago I felt something let go in the engine. There was a total power loss, I could hear the exhaust as the rpms went up but the car would barely move... almost like a loss of compression and a weird knocking sound in the engine. The oil pressure gauge went straight to 0 so I downshifted into 4th to pull over and the car turned off... the engine locked while in gear and came to a grinding halt.

I went to check the oil and as soon as I pulled the dipstick out a puff of smoke came out. The oil smelled burnt as well. I just changed it last week.

Does anyone know what let go?

As for now, I have a black 95 z28 M6 with a dead engine for sale. The car itself is completely solid... 94,000 miles

 

Where are you located? Could be a number of things that caused it you just need to tear into it to find out. Could be a easier fix or a complete rebuild, you just have to get into it to find out.

 

I'm located in Long Island New York.

My problem is I really have no time to get into it. It was my daily driver.... I drive 40 miles each way to work.

I just went out to try to turn it on but it wont even crank.

 

Ew...
Reads like it's time to pull the heads.

 

If it wont even crank it must be in reeeeaaal good shape...lol (the motor)

I'd guess a rod let go, if a bearing was spun it would usually still rn, but just make noise.