Hi All,
I have a 2001 VW Golf 2.0L manual transmission with 107,000 miles. The car has performed well until this recently. I now need a new alternator, fan belt, and both o2 sensors to just drive and pass emsissions, with taxes and fees this comes in around $1,200 USD. The shop (which I've been happy with) also recommends that I do the timing belt / tensioner (as its noisy, original, and interfering when it breaks), spark plugs / wires, water pump, oil seals, coolant flushes, and the like (which have never been done) for a total cost of around $2,400 (including the alternator and o2 sensors). My question is... I think that the car in good shape is only "worth" $3,500 trade-in / $4,500 retail. Would any of you do $2,400 repairs / preventative maintenance on this kind of car (if you weren't attached to it emotionally) or would you just put the money towards a new cheap, but reliable car (from a long-term breaking even stand point).
Any thoughts would be greatly appreciated, thank you, lowonoptions