2006 S40 Needs new engine

[Lobstadive]

1st timer in NH looking for some opinions. 2006 Volvo S40, Non Turbo. 214,000 miles. It runs, just back from a 7 hour round trip ride to Vermont but it's getting tired. Engine raps on start up, noisy, doesn't have the power it once did and it's probably not long before it dies. Timing belt has never been replaced but that's not the problem, hesitant to drop $600 to have that done so it blows up a week later. Book value is roughly $3500 with this many miles. Should I sell it quick while I can..or worth having the engine done? Will the tranny need to be replaced soon where it's a sealed unit, how many miles is that good for do you think? I bought it new, it's been a good car, hate to just junk it if the engine goes. Worth having it rebuilt? What would they rebuild..pistons, valves, head? Junk yard motors if I can even find one are over $3k. Any suggested Volvo engine guys in New England area or cut my losses and try to sell it? Suggestions much appreciated. Thanks

[mf70]

3K is a lot less than 25K for somthing new, but that's me. Do you still like the car? If you've skipped TWO timing belt changes, how many oil changes have you skipped? Are you looking for a reason to change? 214,000M is a pretty good run as it is...