That's terrible luck but you are right to do it, if it is otherwise a good car. You are sure that it was a private sale and not a dealer masquerading as a private seller? Because you would have some recourse against a dealer maybe, under the sale of goods act.
I wish I'd bitten the bullet with my 2004 Range Rover when the transfer box went. Car worth £2k. Garage repair £2500 so I sold on eBay and got £1400 spares or repair, which was good but the car was immaculate and I'd had it 8 years. The guy who bought it had a donor car and could do the job himself. Sometimes you just have to do it regardless.
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If all else fails, read the instruction book.
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