I guess it depends which is nearer.
When I scrapped a knackered Fiat Uno a few years ago I was handed £1.61 for the value of the metal!
If the cases are stripped bare and you can offer the dealer separate piles of aluminium and steel then you might get a few quid.
Use it as a winter project to make something interesting, i know its not a V8 but something like the Top Gear coffee table comes to mind. Gotta be better than throwing it away?
Yep...scrap not worth much now , I do like the furniture idea though , chair maker by trade but do a bit of everything , as the piccies, a V engine works well as a table as it has inbuilt supports for the top , bit harder to do with an inline , could probably work if tilted at 45 degrees but I dont think it would work so well in black and painting it silver it wouldn't look like a fazer engine....be an interesting project for the winter and much better than throwing it away...