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November 25th, 2008 04:43 PM #3
When I crashed my car before (the front cut was gone... radiator, power steering, etc. but not the engine) the cost of repairing the car using brand new parts is higher than the insured value of the car.
Another one, a Rav4 here encountered the infamous sludge problem... it'll cost the owner almost 500K to replace the engine with a brand new one. Similarly, a Honda Jazz with some problem with the CVT needs almost the same amount to replace the transmission with a brand new one.
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