Failed MOT - help!

[BadPolicy]

My 10 year old car is in the garage today for it's MOT and I've had the dreaded phone call to say that it's failed. The cost to fix it will be around £400. The car, absolute best case scenario, is only worth £700. When I look at part exchange schemes it's worth between 120 (no MOT) and £500 (with MOT) to them.

I was thinking of getting a newer car in the next 6 months anyway - but 6 months would give me some time to save.

I've got two weeks until my MOT actually runs out.

I don't know what to do? This is the first time I've had to deal with car-decisions without DDad. Any advice?

What exactly has it failed on and what sort of car is it?

If you buy a new car would you save for it and buy outright or go to a dealer and lease / buy by paying monthly ?

What model of car and what age is your current car ?

It depends on what it’s faild on. I would suspect that most that bill is mechanic time and the parts are only around £100 max.

In your situation We would do the work ourselves.

You should post in chat. What's it failed on? Ask to see the printout. If they're doing the work themselves there's a chance they are trying to rip you off.

List what it has failed on fully if I were you