Tilly, Even Without A Transmission Failure Many Folks Would Be Considering Vehicle Replacement At That Mileage. The Death Of The Transmission Makes The Decision A Much Easier One.
Vehicle age is another factor. What model-year is this vehicle ?
How far do you drive every day/week/month/or year ?
Almost any vehicle with 265k, even one that’s working well, does not have much residual value. Id’d say chances are that you’ve gotten your money’s worth and would be better off putting the repair money into a younger, lower mileage vehicle.
A salvage transmission in this vehicle does not assure you that you’ll be all set for any given number of miles or any certain amount of time. It could turn out alright or you could throw good money after bad money.
We get “attached” to our old faithful vehicle companions and it’s difficult to make the decision when it becomes time to let go, but I think this is it.
In addition to the questions above, does the vehicle need anything else to be considered in tip-top shape ? Is vehicle rust (including rust you don’t see on the outside) a factor in your locale ?