2003 Toyota Corolla • 118,000 miles

I was just told by toyota that I have a major timing cover leak and a timing chain tensioner 0 ring leak and finally a power steering fluid return line leak.
My question is that Toyota is quoting $1300 approximately, and I need to know, do I need to rush and get this all done now? Do I have some time?
What should I expect my car to do or not do?
April 2, 2013.

How quickly it needs done really depends on how bad it is leaking. If it is a small leak (a drip or 2 when sitting parked) it most likely wait. If it is a bad leak, it should be done ASAP. Excessive oil leaks can lead to engine damage if the level gets low, it can cause fires.