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Red - this is going to turn out to be a great investment when you're finished with it, even with a rebuilt title. I bought my Insight for 11k 2 months ago. Now, the same car (mileage wise, age, etc) is at least $15k.
The Insight is the only car I've ever purchased that has actually appreciated in value. As gas prices continue to rise, I expect for the trend to continue.
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