I believe it's the same CVT that Nissan uses in the Versa. They hold up relatively well in the light and low powered Versa - putting it in an even lighter and lower powered vehicle can only help with long term reliability.
There is some balancing built into the fly wheel (which won't wear out), but I am worried about crankshaft longevity issues when the harmonic balancer wears out.
I think I like it more than the spark. For around the same price you do get more features (not important to me), but much better gas mileage! The interior just seems "warmer" too. Not sure how to explain that, but it's "warmer"
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