I have a 2001 Corolla that I bought new and have maintained well. The only thing that has gone wrong with it other than routine maintenance is that the check engine light has come on. The first time, they replaced the evaporation cannister, the second the mass air flow sensor. Now it's come on again and they say it needs a new VVTI valve, which may mean replacing the timing chain. The car has 115,000.
My problem is--I really want to run this car to 250,000. At the same time, I really don't want to pay for this repair and then have some other problem come up later.
I'm looking at two options.
(1) Limp along for a year or so without fixing it and then trade it in. Is this an option? How safe is it to drive? It sounds fine, but the check engine light comes on for a day or so, then goes off, etc. How long could we drive it safely in this condition?
(2) Fix it and hope it runs for another 100,000. This seems like a pretty major repair. Is it really possible to do well? Is it likely that other problems will come up? Has anyone else had this replaced (and, possibly, the timing chain) and had good results?
Any input would be greatly appreciated!!
Toyowner