Check with the Honda dealer, you might be surprised to find out that the timing belt, water pump, tensioner etc (105,000 mile maintenance) job costs less than $2000. My dealer here charges like $1600 last I checked (though that was a few years ago) Upside to having the Honda dealer do it is you’ll guaranteed get OEM parts and they probably have a lot more experience because they do those jobs all the time.
I bought the same 2012 S60 but a T5 for $5000 in August with 124k miles. It was a single owner vehicle with great maintenance records and my mechanic gave it a once over. I had to replace the timing belt and will probably need to replace the AC compressor next summer. I expect you'll need to do the timing belt too, and maybe some other things noted in the service manual, but even with $4k of work, you'll be well below your budget. I honestly smile every time I drive it, it's a blast.
I have had to replace timing belts in two of my cars. One was a Volvo V40 and the other a Honda Accord.
I recently did the timing belt, water pump, tensioner etc. on a 2007 Honda Odyssey and a 2016 Acura MDX. It's pretty much the same job, but I can tell you that the MDX was a lot easier.
I completed the timing belt this weekend. It took me about 6 hours, with a total cost of about $300 in parts. The original timing belt on my 4 year old van still looked new
Shop I work for is a Honda/Acura specialty shop. We charge about $1250.
Overpriced and it may need a new timing belt.
Super cheap minus the expensive timing belt job at 105k miles.
The belt was definitely original and looked like black bean noodles. It was limping on its last leg.
I had 280k on my 01 accord when the og snapped, thought it had been swapped by previous owner as it looked to be in good shape when I did the water pump and I ate that about as fast as I stopped when it killed my engine.
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