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2006 BMW needs a new Catalytic Converter

Hi, Just wondering if anyone can advise. My BMW 320i MSport estate needs a new catalytic converter. The car has currently done approx 93,000 miles, is in generally very good condition and mechanically sound. I've been quoted an approximate sum of £1000.00 to have the work done. My question really is simple, is it worth having the work carried out on a 10 year old car? Or should I consider a part exchange before the car needs further work and ends up costing me large amounts of money... Thanks in advance. any friendly information or advice is welcomed

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