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My friend Kerry was proud to be on the cutting edge of hybrid technology when he bought a Toyota Prius a few years ago.

He's less proud to be on the cutting edge of hybrid-technology repairs. He just paid a bundle to replace the car's transaxle, part of the vehicle's new-wave continuously variable transmission, which failed just after the warranty expired.

"The dealer initially told me it would be $3,000 just for the labor, and $5,000 for the part. That's 40% of the original base price of the car!"

Kerry said, "I pushed back and they waived -- miraculously -- the part cost, maybe because we had recently bought a second Prius from them. … But the labor charge remained. Ouch."

 



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Could Future Car Repairs Financially Cripple You?

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