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I have a 2000 Accord SE also, and the mileage is not that great compared to the smaller motor on the Civic or a Corolla for that matter. I would keep the car and fix it just for the fuel economy, I'm not sure where you're getting a quote for $1500 for oil pump and timing belt (I think you mean water pump btw) but that shouldn't cost you that much, check with a different mechanic.
Corollas usually last for a long time, I've seen some of them with up to 500,000km (around 300,000mi or so) with proper maintenance they can go on forever.
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