Two problems related to transmission noise have been reported for the 1997 Honda Prelude. The most recently reported issues are listed below.
I have a 1997 Prelude that has had 1 transmission failure in Nov. Of 2005 & it was rebuilt. It current is failing the same way the first transmission failed. It is making noise & starting to slip when it is cold. $1700 to fix the 1st transmission by a trans shop. I am joining a class action law suit if it is not taken care of from Honda. This car only has 65,000 miles on it!.
1997 Honda Prelude with only 67,000 miles. Started to make a minor buzzing noise when in park or neutral. Took it to my independent Honda mechanic who told me that I had a bearing going in the transmission. It would require a rebuild of the transmission. Cost $3,900. He suggested that I sell the car quickly as it wasn't worth the cost of repairs. That's what I did. Sold it to a Honda dealership. Honda needs to recognize the problem with these transmissions. No more Hondas for me.