Repair, sell, scrap or trade?

bonzer1again

All,
I'm hoping people here can help me out. My car, a 2008 Petrol Audi A4 only went and threw a wobbler at the weekend. The timing belt went while I was driving it. So it needs a new engine.
My dilemma is this, the garage are telling me that the costs will be about €3K but the car will only be worth about €7k to €8k when its done.
Should I......
Get the repair done?
Sell it, as is?
Sell it for parts?
Scrap it?
Trade it in against a new car?

Any suggestions would be really appreciated.

colm_mcm

Get a second opinion on the replacement price.
Consider that the car is worth less than €4k as she stands, so repairing is worthwhile on paper.

bazz26

Maybe get a price on rebuilding the existing engine too depending on the damaged caused by the snapped belt. An engine rebuild might work out cheaper than replacing.

Cee-Jay-Cee

If you get the work done you effectively have a new engine and so should be able to get another 4 or 5 years driving from the car. No one will buy it as it is unless you literally give it away and you'll get next to nothing as a trade in so in reality unless you are willing to write it off and start from scratch with a newer car then you have no real option but to fix it. It's what I would do in your shoes.

colm_mcm

Selling a working a4 petrol would be hard enough.

Esel

Cee-Jay-Cee wrote: »

If you get the work done you effectively have a new engine and so should be able to get another 4 or 5 years driving from the car. No one will buy it as it is unless you literally give it away and you'll get next to nothing as a trade in so in reality unless you are willing to write it off and start from scratch with a newer car then you have no real option but to fix it. It's what I would do in your shoes.

I wouldn't consider it to be a new engine.

bonzer1again

All,
Thanks for the advice....decided to just sell it as is. Not worth the further risk.

colm_mcm

How much do you think it's worth as-is? Or have you already sold it?

jca

3 grand?? Holey moley that's steep. I presume it's the chain that's slipped being a petrol car. A new chain kit + getting the head rebuilt wouldn't cost 3,000.

greasepalm

he said belt in first post and a nice mess would be done at speed valves embedded into head and pistons i reckon,if this was put on long finger what else might have been needed?

mickdw

Source a used engine would be my advice.
What mileage is on it?

unkel

bonzer1again wrote: »

the car will only be worth about €7k to €8k when its done.

The car won't be worth anywhere near €7k when its done. I'd say sell it as is. Will be a nice fixer upper for a mechanic to make a few bob on. Lesson learnt, next time don't forget to change the timing belt when due. Or better, buy a superior car that uses a chain

Best of luck & let us know how you're getting on!

corglass

unkel wrote: »

. Or better, buy a superior car that uses a chain

Lol

jca

unkel wrote: »

The car won't be worth anywhere near €7k when its done. I'd say sell it as is. Will be a nice fixer upper for a mechanic to make a few bob on. Lesson learnt, next time don't forget to change the timing belt when due. Or better, buy a superior car that uses a chain

Best of luck & let us know how you're getting on!

Superior car that uses a chain?? Ha ha

James Bond Junior

unkel wrote: »

The car won't be worth anywhere near €7k when its done. I'd say sell it as is. Will be a nice fixer upper for a mechanic to make a few bob on. Lesson learnt, next time don't forget to change the timing belt when due. Or better, buy a superior car that uses a chain

Best of luck & let us know how you're getting on!

Hmmm, what car will he buy in that segment with a nice reliable chain? The ironing is delicious!

greasepalm

vw golf tsi ,think i was told chain and engine go at 40k ,yikes.