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On a Geo Metro I'd just replace the engine if you have 300,000 miles and want to keep going, an engine with less then 100,000 miles looks like it will cost you $250 to $400 and everything on it will have less wear then what you have, replace things that wear out on it like the timing belt and water pump then install it.
Here tho we tend to worry about cars rusting out by the time they reach 300,000 miles, so check your front suspension.
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