Installing a rebuilt steering rack will save you a bundle.

Dear Car Talk | Jun 01, 1993
Dear Tom and Ray:
Kristin
TOM: What do you need to do? It's obvious, Kristin. Write to your parents and ask for money.
RAY: If you want a new rack, $1,000 is the right price. But there's no reason to put a brand new rack in a car with 78,000 miles. For $400-$500 (plus about $200 labor), you can get a "rebuilt" steering rack for this Corolla. And that should last the rest of the life of this car.
TOM: Going with a rebuilt instead of a new rack should save you about $300-$400, Kristin, which ought to be enough to keep you in Cliff's Notes for the next couple of semesters.
Kristin
TOM: What do you need to do? It's obvious, Kristin. Write to your parents and ask for money.
RAY: If you want a new rack, $1,000 is the right price. But there's no reason to put a brand new rack in a car with 78,000 miles. For $400-$500 (plus about $200 labor), you can get a "rebuilt" steering rack for this Corolla. And that should last the rest of the life of this car.
TOM: Going with a rebuilt instead of a new rack should save you about $300-$400, Kristin, which ought to be enough to keep you in Cliff's Notes for the next couple of semesters.
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