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Q: how much should it cost to replace the timing system on my 1998 VW Jetta GT 2.0 on 1998 Volkswagen Jetta

I just bought a 1998 VW Jetta GT and it has 112056 miles on would it be a good time to change the timing belt and water pump ?
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Thank you for the advice, I have never owned a VW Jetta before and this seems to be a nice one so I plan on taking good care of it, so could you tell me about how much something like this should cost ?
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