Cost of repair vs. value of car - when to call it quits?

S60 Alex · Jan 22nd, 2009, 18:21

Hi all,

I posted recently about a strange noise under boost on my S60 T5 - as feared, the turbo is shot and requires replacement.

Whilst undergoing a health check at RT Mechanics (whom I cannot recommend highly enough), quite a list of things have been spotted:

Turbo
Exhaust manifold blowing
Front shocks need replacing
P/S reservoir bulging
Steering stops/exhaust hangers/rear discs corroded and other small items

I think this work will cost ~£2,000. I've looked on Autotrader and I think the car is worth £1,500 at best (it has 143,000 miles).

I really am at a loss, do I:

a. repair it
b. buy my 'next' car earlier than planned - probably an S80 around the £15k mark.

Clearly one option is considerably more expensive, but I end up with an almost new car/warranty etc. whereas once I've spent the £2k on the S60 - I still have an old car, albeit with a new turbo and bits.

Any wise opinions would be greatly appreciated!

Many thanks,

Alex

Jan 22nd, 2009, 18:21	#1
S60 Alex VOC Member Last Online: Mar 3rd, 2023 13:13 Join Date: Dec 2006 Location: London	Cost of repair vs. value of car - when to call it quits? Hi all, I posted recently about a strange noise under boost on my S60 T5 - as feared, the turbo is shot and requires replacement. Whilst undergoing a health check at RT Mechanics (whom I cannot recommend highly enough), quite a list of things have been spotted: Turbo Exhaust manifold blowing Front shocks need replacing P/S reservoir bulging Steering stops/exhaust hangers/rear discs corroded and other small items I think this work will cost ~£2,000. I've looked on Autotrader and I think the car is worth £1,500 at best (it has 143,000 miles). I really am at a loss, do I: a. repair it b. buy my 'next' car earlier than planned - probably an S80 around the £15k mark. Clearly one option is considerably more expensive, but I end up with an almost new car/warranty etc. whereas once I've spent the £2k on the S60 - I still have an old car, albeit with a new turbo and bits. Any wise opinions would be greatly appreciated! Many thanks, Alex

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