Transmission is shot. Buy new? Rebuild?

[fastsloseph]

I've been having a slight rattle coming from my transmission when I was idling for a month or so. It would turn into whine when I was driving. It started popping out of gear while I was driving.
While I was driving last week, the transmission rattled it's last and started grinding. I couldn't shift gears and it was hard to even role in neutral. Clutch seemed to be working but the gears sounded like they were all out of place.

I brought it to the transmission shop. They gave me some options.
1. buy new transmission for $2900
2. rebuild (medium price)
3. look for used transmission (most economical)

Which option makes the most sense?
Keep in mind that I bought the car March 2011 with 46k miles on it for $9000. Turbo had been replaced.
Tires are new as of last week. Odometer now is ~60k.

 

[BRIAN_MP5T]

The "new" trans is probably a reconditioned one

You do not want to rebuild yours because and debris would probably kill the current trans

 

[b6gtxawd]

do you know what happend to make the tranny go? my final drive baring let go and went through everything and chewed the s*** out of it all.

 

[fastsloseph]

They're taking it apart now. Should know by Monday.
So you're saying the p5 trans is a good swap? Would an authorized trans shop install that?

 

[BRIAN_MP5T]

The transmission on a P5 and MSP are identical except for the LSD.

 

[b6gtxawd]

yuppers i picked up mine with 40,000 km on it for $400 from an auto wrecker. probably even less for you being in the states. pretty good bang for your buck.

 

[MSP2003.5_Nick]

I suggest you stockpile p5 trannys like the rest of us lol

 

[BRIAN_MP5T]

I have two in the basement