[nytesky]

The total valued does not include the significant time of finding an equivalent vehicle at that price in the rough and tumble used car market.

It also does not price in the significant risk that a used car of this vintage significant undisclosed defects that are hard to detect by inspection at purchase.

[sokoloff]

Agree on the first.

In theory (and I think in practice), the second is priced into the used car market already.

[quadyeast]

... including the gently driven car that just got totaled.