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Ugh. Sorry to see that, it's definitely repairable, but like you said it depends how much the repair will cost vs the value of the car. Personally, I would insist on them paying for the repair, don't let them force you into totaling it, when the other driver admitted all fault. It's not your problem if the repair costs more for them, but you will probably have to fight them/threaten legal action.
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1999 Ocean Blue Metallic Boxster - blueboxster.com
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