TL Timing elt failed - now what?
 

We have a 2001 TL with 154000 and we replaced the timing belt at 125000 and the replacement belt failed yesterday. This was confirmed by our mechanic in the suburbs of Chicago, so now what?
It will be a day before he can give us a quote to dismantle the enginesso what should we do:
1. Repair the engine
2. Replace the engine
3. Junk the car. Anybody need new tires, brakes, etc, this stuff was just done...

If we go with option 1, ie repair how is this done, a new belt put on to see if the engine runs or a removal of the head to see the condition of the valves, or some other method? If we do repair, any estimate on how much will this cost and is it worth it for a 11 year old , 3rd car?
TIA Mike

Wow, nobody responded? It's been 3 months....what happened? The tech should have been able to manually advance the engine (by hand or tool) and determine if the valves were contacted and/or the valve stems bent. If the valve stems were bent, the head has to come off so new valves can be installed. If the valves stems are fine, just put a new belt on (and change the water pump while you're at it) and start er up.

I'm curious though - what happened?

dd