[Quality Leather]

Is that what it costs for new covers? I thought it was around $700.

If you want to repair it and do it cheap, then take the cover off the driver seat. You can then take it to an upholsterer and get him to sew in a new panel for you. It shouldn't cost more than $100. If you are going to refinish the seats, then tell them to use any color leather and it will be even cheaper.