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If you're getting 40 from a Camry, you're going to get much better than 50 from the Prius. (However, diminishing returns at the high end of the MPG scale.)
Generally, I wouldn't worry about Prius reliability, including the battery. It's Toyota's most reliable model, if I'm not mistaken. Caveat emptor still applies, and having a repair reserve fund makes sense (for any vehicle).
Have you driven it yet?
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