We agreed on a plan of action with my dealership.
It took a while but I have been given 4 choices.
1. Buyback with a potential purchase from them.
2. Buyback without a potential purchase from them.
3. Fixing the car and extension of warranty on the engine until the car changes ownership. As long as I am the owner of this vehicle, they will fix all my engine problems in warranty.
4. Allow them to fix the car and choose option 1 or 2 at a later stage.
Even with the aforesaid, it was agreed that the car will be fixed as I want the option to shop elsewhere so to say. After researching potential prices and seeing the offer I received, even with 3 buyers lined up for my car from my current dealership, I will not be able to purchase anything remotely similar. The second hand market is abundant with vehicles but I am not too keen on a 4-5 year old vehicle with 30 or 50k miles.
My current shopping list includes :
1. Audi RS3 2019. Second hand versions will require a 10-15k money supplement from my pocket with a trade in.
2. Audi RS3 2020. Cannot be ordered as the new version will show up in 1.5 years. It will have 5 cyl/450 crank hp and a drift happy Quattro.
3. BMW M2 Competition. Second hand versions are too expensive for the mileage. They also have a potential design flaw which would mean that , with my luck, the engine will have to be opened up and the parts replaced.
4. BMW M2 Competition. This would require me to put down 20k extra but the vehicle will be new. Full warranty and potentially BMW fixed the inherent crank hub failure. A big no against this car is the two door and lack of quattro.
5. AMG 45s . Second hand, too expensive.
6. AMG 45s. New too expensive for my budget.
7. Mustang GT Fastback 2018 would require additional investment on my side even for a second hand vehicle.
Bottom line, as I have my budget planned for something else, I need to accept a big downgrade and trade my car in for something else. Until I make that decision, they will fix the car so I can use it.