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Has the tranny been well maintained? Have you been changing the fluid every 30,000 miles? I know you said everything is good now but here's some problems you might run into with high mileage.
1.Suspension parts can go bad. Not a lot of $$$$ Ball joints, tie rods, struts, RSB and FSB bushings, etc. Have the struts and mounts been replaced?
2.Transmission could go bad. Lots of $$$$$ There's no guarantee the trans will hold up. If you've been keeping up with your fluid changes, you may want to go for it. There are many posters here with mileage above 300,000.
Before getting serious about a rebuild, keep in mind that the rebuilt motor could last for 200k-300k miles. Your going to have to keep up with maintaining/replacing trans, suspension, etc. if/when needed. Factor in the cost of a trans rebuild plus the motor and then decide if its worth it to you.
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1996 Paseo 5E-FE 269,xxx miles - Gotta fix that sagging DS door.  New hinges on the way.
1993 Camry LE 5S-FE 249,xxx miles - New water pump, TB etc etc
1989 Camry-Gone but not forgotten. Car has become a birthday gift for my cousin. 
1997 Mazda B2300 213,xxx miles - New flasher relay installed.
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