I have a 98 S70 (non-turbo), 116,000 miles. I just found out that a bearing wore out, causing the timing belt to fall off, bending all my valves! I'm trying to decide whether to have it repaired or just sell it for parts and find something else. I had one quote for $4500 to replace the cylinder head. Another indpendent mechanic (I've had good success with him in the past) quoted around $2500 to repair the current valves. That guy said he'd give me around $1000 if I just wanted to junk it and sell it to him.

Independent of the money, I'm leaning toward just repairing the bent valves, since I love the way the car drives (or drove!) and don't want to deal with searching for a new car. The one thing leading me toward junking is that I bought the car used at 80,000 miles - it had been in a front end accident before I got it. I have already replaced battery/alternator and then the exhaust manifold. That makes me a little wary of fixing this problem, just to have something else go wrong 6 months from now.

Not expecting anyone to make the decision for me, just looking for some advice and opinions from you veterans out there. Thanks for any help!