Yes, Honda's J Series (SOHC, V6) engines are all 'interference' engines, where a broken belt will result in collision between a piston head & a valve.Only you can determine if the car is worth keeping. Changing the belt will run approx. $600+ range which should include chainging the water pump at the same time...that's a customary practice since the water pump is accessable during the timing belt change. So...for ~ $600 - $700 you'll gain another 90K miles of drivability on the new timing belt/water pump, compared to whaterver costs you'll incure if you go and buy another vehicle. Personally, if the car's in reasonably good shape, $2,200 for a CL seems like a rather good price. If you take care of it, it should last for some time.