On Saturday, driving (slowly) round local roads, there was a horrible noise, then the whole car started shuddering, EM light flashing like mad, then died.
Called the AA out who listned to it, and proclaimed it to sound like the timing belt had slipped and pistons were hitting valves!!!

I have towed it into the local VX garage for confirmation of the actual problem, but working on the assumption that the cambelt has gone what are my best options.
The car is a 1999 V Reg 2.5 Petrol CDX Manual - 135K on the clock, is it likely to have enough value to make it worth repairing?
Do I just walk away and look for a new car? or
What would be of value to remove from the car? bearing in mind that I am no engineer and wouldn't have the tools to remove anything serious.
Any thoughts?
Merv
PS. In answer to the obvious questions, yes the change was overdue, so my own stupid fault! Sods law, I spent so long looking for a replacement (how do you replace an omega)! that the basics were being neglected

I hang my head in shame and stand up as a lesson as to why Cambelt changes are a REAL requirement.