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by shagie
1134 days ago
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Yes, but its a "its cheaper than a new car" ... but if you're dealing with insurance it is "its more expensive than totaling it." I had a Honda Civic hybrid that had its battery pack die back in 2009. It was going to be a $3000 repair with a 2 week "its in the shop" while waiting for the battery (it wasn't something they stocked). I bought a new car (an Insight) because I needed a car (it was on a road trip). The value of the Civic as a trade in would be near zero - the value of the trade in was similar to the cost of the repair. This can be seen even today with my Insight if I was to try to trade it in or repair it - my 2010 Insight has a trade in value of $2620 - $3707 (and it is in fine working condition). If this was about a car that had a value of $3000 when working that needed a repair of $3000 to get it back into that range of working - that's the insurance definition of totaled. A battery pack for the Honda is Insight is $2049 : https://bumblebeebatteries.com/products/hybrid-batteries/hon... If the battery fails on my Insight, I'll be getting that repair rather than getting a new car because it's still cheaper than a new car. But if it was a "dealing with insurance" then it is by definition totaled. |
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