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Mine aren't the "chin" animals, mine are a rabbit breed known as "American Chinchillas" They are called that because their coat is larked just like one with the bullseye, batwing formation on their hips, etc. Regular Chin animals are nigt animals and do not handle stress very well. I don't recommend them as a pet for young kids. My Am Chin rabbits are considered a rare breed so they usually run $30-40 for a healthy, decently bred one.
The $40 for a real chinchilla is a good price. Make sure it's been handled if you decide to get it. If they stress out they will drop their coat and I think they can go off their feed and die. I have heard of some being very hearty, but their are still night animals so they sleep when we are awake and want to be awake making noise when we want to sleep.