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Power Steering Pump Replacement. If the stop-leak is unable to solve the problem, you may need to check out the transmission fluid pump. If you opt for a dealer to fix the pump problem, power steering pump replacement may cost around $200 - $220. However, if your choose to approach a car mechanic, then it can be done in around $100 - $120. Now, as far as the power steering pump cost is concerned, you may have to shell out somewhere around $100 - $150. Again, the cost of a pump varies from vehicle to vehicle. If you search precisely, there are surely some cheaper deals on the Internet for power steering pumps.
Best Answer: That looks like power steering fluid leaking from the rack all right. Those are the rack boots and tie rods we see, I'm sure. The most likely reason for a power steering leak from the rack of a relatively new Honda would be the wrong type of fluid. Honda power steering fluid is not the same as most power steering fluid and if it was topped up by somebody who did not know it attacks the seals in the rack and pump.