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It was a tough decision for me.
About 5 yera s ago my 240D/77 with 300K miles reached the end of its life, engine was smoking blue, floor pans rusted out, sheets of plywood acting as flloor boards, rusted door bottoms, and other rust spots here and there.
Time for decision, either repair everything or junk the car. Structurally the rust had not gotten to the suspension so there was hope. At that time the good old 240D was my daily driver for about 19 years and I just could not see myself junking this old baby.
So I repaired it, brand new motor from the dealer, complete body work and rustproofing, new paint job, new clutch, new radiator, new carpeting, this all cost me about $10K, that was 5 years ago, the car is running just beautifully, I get about 32 mpg on highway with this 4 speed manual.
Glad for saving the old mama, the only thing that I do not like about this car is the fact that it will outlast me real easy.
Vahe
240D/77 350K
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