Timing Chain Replacement & Valve Work for 2009 Cobalt
Hoping you can help a non-mechanically inclined guy make a better decision.
First I have 97,000 miles on my Cobalt. It has the 2.2L engine.
When I had the car in to get oil change and check on a rough idle the timing chain broke. They quoted me $1,200 to do this work. Last week they ran a compression test and told me the motor would potentially have to be replaced.
This week they were able to bore snake the valves and see that the exhaust valves could be resurfaced/replaced and replace the head gasket. Fixing this and timing chain will get me running again. Total cost is $2600. This fix will give me another 70-90,000 miles.
My question is does this sound reasonable to you guys and will this keep my car on the road for another 50-90,000 miles? Either way it needs to be done, IMO, otherwise I have a car worth nothing, but do I fix and replace immediately or fix and keep it for another 5 years?
Thanks for you suggestions and replies. FWIW, the tensioner broke causing the timing chain failure.