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trans. bearing noice

  1. continuous noice when driving.

    Care, Maintenance, and Troubleshooting
    I have 2005 MR2. I started getting a noice from the car few days back. it sounds like some bearings gone bad. so, I went to mechanic and he told that, he thinks that most probably the bearings in transmissions are gone bad. he said it can be around $700. Does anyone has any idea about this problem?