300 t0 350
The "check engine" light is not solely dedicated to the air filter and pcv valve. There are other things that can cause this caution light to illuminate on the dashboard. Assuming you bought this car new and that it has but 37k miles on it, it's most likely still in warranty and Toyota should be fixing this problem for you.
It's a judgment call on your part. However, that is a lot of miles for a year old car, so you should definitely see a price break. If the maintenance has been good, it might not be such a bad deal, particularly if your driving patterns indicate that you would eventually be in the ballpark of average miles.
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