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Topic - New car or fix old one

phja - on 18 Mar 2013
Hi,

Ford mondeo 2006 2.0TDCI with 100,000 miles on clock...with broken timing chain...1000 to fix...car value about 2000 when fixed.

Question is do I fix it or scrap it?

I could buy a smaller fiesta 1.3 diesel 2010 zetec done 20,000 miles on finance for 160 per month with no deposit.

Thing is based on running cost (insurance, tax and fuel) the fiesta is 990 cheaper per year to run so effectively I would be paying only 83 per month extra.

What would you do?
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