If that's the only problem, I would have it repaired. We kept a (unknown make) washing machine going for over 10 years by repairing it ourselves, and we are both computer nerds ... lol. We learned about wig-wags, pumps, and belts - otherwise, we would have bought 3 new machines by now for less than the price of one. That includes 2 wig-wags and pumps, a belt and a new timer switch.
I would find a general repair manual (try the internet, library, book store) and learn how a washer works, and then see if you can use it for this machine. Also, if you live in/near a city, call around to the little repair guys, and see if someone has a bit of time to talk with you.
As with everything, think "out of box" and you can find information where you least expect it! Call your local Maytag Man - he's not busy :)
Good Luck.
nerd.f.aarp, August 2007