Hi Everyone!

I recently bought a 2003 volvo v40, and for fun and games I plugged in a OBD2 thingy which connects to the cell. It showed up:

P0011 - Powertrain
"A" Camshaft position - Timing over-balanced or system performance (bank 1)

P1600 - Powertrain
No description

I opened the cover up and cleaned the solenoid, put new gasket. Noise does not change when I unplug the solenoid.

Now the belt looks like it is not fully on the pulley, and it seems like it wobbles ever so slightly.

Could any of you techs have a look at the video below and tell me whether I should rush to the dealers to get the belt and pulley changed, or whether it'll be ok for another couple of months??

https://www.youtube.com/watch?v=fPUnkauKw8U

Thanks a million!