I have a 1992 BMW 525i Automatic. Recently, my transmission died out; it would make a grinding sound when it would go from gear 1 to 2, it would jump when you put gas on it, and recently, it won't even move at all, hence the whole it died out. I got an estimate from a Transmission Repair Shop of around $1.5k-2k seeing as they say it's the worst case scenario with the gears being messed up and needing to be replaced.

Does this look like a good price or am I getting screwed over? With this I also get a one year warranty 12,000 miles or 12 months. I asked a car mechanic I know and they say it can usually be charged for $2.5k plus, but this still seems excessive.