Jon,

Before panicking on the timing belt change - it is worth your while to try to research to see if the timing belt has been changed. Did you run a CarFax prior to buying the car at 95K miles? If you did - it may indicate where (and when) the previous owner had the car serviced. If so - you could contact that Honda service center - and see if they had performed a timing belt/water pump service on that car. Does your AC and PowerSteering belts look new, or do they look like they've been hanging in there for 107K miles? That is sometimes a good indicator of having the original timing belt since Honda would recommend the changing of those belts with the Timing Belt and Water pump service.

I'm assuming your Accord is generation 6 (98-02) or newer? Is that correct? If so - then the recommended Timing Belt change is 105K miles. You have only gone slightly over that. Yet, I recommend taking it easy on the car to be on the safe side until you find out the timing belt history, or elect to have it replaced.

Doug