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Some questions I would ask before I agreed on anything:
If it gets repaired, will the damage show up on a carfax report? In other words, down the line when you go to trade it in or sell it, will it affect the price you get on the car?
I'd also be looking for comps. Bottom line, the reality of it is they would probably find someone to take it off their hands, so I doubt you would get significant money taken off the car. Instead, I'd be looking for free oils changes, perhaps some parts from the accessories shop, etc.
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