What is the average cost for a waterpump repair job on a 2002 Explorer? on 2002 Ford Explorer

My Ford Explorer waterpump gave out and I took it to a certified Mechanic shop. Repair will use a new Motorcraft pump and parts. Total cost estimate is $500. Does this sound about right for this job?

Asked by for the 2002 Ford Explorer
You can check that here the high end will be Motorcraft parts