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The labor guide calls for 3.0 hours.So at 100.00 per hour labor rate that would be $300 plus the parts.Since the belt does not cost $200 I think I would shop around for a better deal.
Mechanic said that he would replace waterpump and timing belt for 550. The issue is that he said he was not charging me for the labor because my husband was painting his car. So question still remains how much is the actual timing belt and water pump now that he clarified his intentions.