Our own experience has shown that the timing belt is not perfect in every situation when comparing it against a chain drive. Being able to recognize timing belt limitations helps us to educate our customers in making the right decisions on their particular applications needs.
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This topic has been beaten to death, and the consensus is that if there is an advantage, it really isnt worth it.
Please see http://community.cartalk.com/search?cx=partner-pub-%3A2yk2yg-lkla&cof=FORID%3A11&ie=ISO--1&q=timing+belt+advantage&sa=Search
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I think I am the only person to make a case for the advantages of a belt, and even I realize calling these items advantages is a stretch. In the end, the only real advantage is that replacing your water pump at the same time as the timing belt means your water pump will never get a chance to fail, and if youre lucky, your mechanic might find and repair other items that might otherwise fail or cost you more money as a separate job, like a leaky gasket or seal inside the timing belt housing.
BTW, if you can really find someone who will do a full timing belt job for $300 (with the whole kit, not just replacing the belt), take advantage of that opportunity and thank your lucky stars. On many vehicles, timing belt jobs range from $450 (on my Civic) to $900 (on some minivans). You really should get the whole kit, which includes the tensioner pulley and sometimes other important items, depending on the model.
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