My VW Golf Mark IV 2003's timing belt has recently snapped (i know, should have been more attentive with the servicing) and we're wondering what to do. Speed was about 20mph at time of incident, stopped soon after. Car's steering locked up.

Fails to start/ kick in. Breakdown advice: Belt identified as problem/broken. Thought perhaps not to have affected one row of valves as breakdown (obviously not known until fully examined.)

Someone has looked over it offering two options: 1. replace the belt and see what happens 2.(most likely) examine valves etc and replace, cost £400-500.

Should I take the car to a garage, have the belt replaced or go for the full examination/ rebuild? Professional said 90% of time there will have been damage. Does this model have an interference engine?

As the car is probably worth only £2000 should I bother with repairing or sell as damaged?