Quote:
Originally Posted by Dlirium
3) If your IMS fails, the value of your car goes to just about $0. By putting in an IMS, for 20% of the value of the car, you ensure you can keep it a $11k (or whatever the correct price is). That is what we mean by insurance...
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Value of car is not reduced to zero. You could part the car out, or sell as a rolling chassis. Probably get 6-7kCDN. in essence without IMs and engine failure. value-7K. 11K car with 2K invested in an IMS replacement. Car value 11K. SO really the swing is roughly 3K on the car. Now saying that we are talking about a 97 Base boxster.
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