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May 21, 2015 · To take out the transmission itself is $3300 (labor fees). They suggested I replace the entire transmission with a rebuilt one from Toyota (along with my right CV axle) because thy are worried metal debris from the grinding of gears will have gotten into the entire transmission and will cause more problems in the future. Aug 31, 2012 · It seems that many Matrix owners are having problems with a faulty transmission bearing which necessitates the transmission needing to be replaced prematurely. I believe this might also apply to Toyota Corolla and Pontiac Vibe models. We had to replace our five-speed manual transmission on our 2004 Toyota Matrix at 98,000 miles at a cost of $3,100!