We would like to sell our 2001 Volvo V-70, but have just been told by the dealer that it needs a new transmission (we had noticed signs, then the “Transmission Service Required” light came on). We were given cost estimates of $5000 for a new transmission, and $3000 for one that has been rebuilt. That’s a big investment considering that we’ve been on the verge of buying a newer used car. We prefer not to fix this one.
Does it make sense to try to sell this one with the disclosure about the transmission? In every other way, the car is clean and well-maintained. The car has 118,000 miles on it.