Advice on a error of judgement
Ladies and Gentlemen, the heart won over the head and mistakes were made.
So I wanted something older as I cannot fathom spending 20k on an 8 year old grocery getter, nor am I in the financial position after going back to college as a mature adult, having a mortgage and kids etc
So I spotted a 2003 s60 2.0t in the UK on car and classic. 5 cylinder engine 💦
Mot for a year (only done in July this year), one owner for 13 years etc etc
Spoke to the dealer (private who specialises in mid 00s future classics) in the UK, got pictures of the entire underside and a good breakdown of it mechanically.
Spent weeks muling over it and once I signed a contract I said fuck it and bought it sight unseen (yes I know)
Went to the UK, and the car was cosmetically as advertised and better than most 10yo cars you see on the roads here. 4x goodyear tyres and the AC blows an arctic wind, all electrics work etc.
Buuut. The exhaust is fucked and now blowing in two places after the spin back to holyhead.
It needs a few diy jobs like transmission oil change, pads and handbrake shoes and an engine mount which is fine.
But the exhaust is 580 quid !!
Now here's my predicament and bare with me folks. To being it over I arranged the Vat/customs through an agent in advance. Ferry flights and trains etc already down the drain.
To nct it, I need to vrt it. So I would have to do the exhaust and vrt it, both totalling over 1600 quid, but there's no guarantee now that it won't fail the nct on something unknown and imo, the MOT is not as strict as nct if it passed last month with an exhaust that's crispier than a crispy pancake
Sunk Cost Phallacy - do I quit while I'm ahead, try flog it up north or to someone who will break it or even keep it for a future track project.
OR - do I just plow ahead and spend money on it I don't feel comfortable spending.
The other solution is for myself and the missus to keep going with one car (we both work in the same town so don't need two cars and the current one is paid off) and we use money initially set aside for new windows as a large down payment on something like a relatively new Suki Vitara or Swift (we will split the loan/finance)
Try not to abuse lol