Legodude522
Daemon Poster
- Messages
- 1,308
- Location
- Texas
Hello all, recently I was in an accident and crushed the front end of my 2008 Chevy Cobalt. Insurance just called me today and they have determined that the car was totaled and will not be fixed. I don't know how much they are giving me yet. Either they will give me money and I fix the car anyway or I sell them the car to be junked and get more money to put towards a new car.
I won't make a final decision on that until I find out how much they are willing to give me. I bought the car for $12,000. The blue book value is $14,000. I owe $10,000 on the car. It is my hope and assumption that I will be getting enough to pay off the car and get away debt free. I also have a $1,000 deductible which will just come right out of the the check they give me.
So, I'm considering some options here. There is a slim chance that I might just take the money and try to get my car fixed. But most likely what is going to happen is that I get another car. Price range will be the same of the previous car, $12,000ish. I plan on have $2,000 ready to put down on a car.
I plan on going back to work on Monday. I will be carpooling so no charge. If I spend wisely, I should have about to save up $1,500 each month. So by the end of June, I should have $3,000 and some change saved up. So I would do $2,000 for a new car and then $1,000 saved for my crazy new insurance rates.
Hopefully my plan doesn't suck. Anyway, what kind of car should I get? I think I'm done with the sport blue coupes. I'm open to almost anything. I'm somewhat concerned with gas mileage. I don't want an SUV unless I really need it. I like my 30mpg coupes.
Right now, I'm mostly leaning towards the Chevy Aveo hatchback. Lots of room for computers and stuff, 4 doors, still looks cool, and probably room for my subs.
I won't make a final decision on that until I find out how much they are willing to give me. I bought the car for $12,000. The blue book value is $14,000. I owe $10,000 on the car. It is my hope and assumption that I will be getting enough to pay off the car and get away debt free. I also have a $1,000 deductible which will just come right out of the the check they give me.
So, I'm considering some options here. There is a slim chance that I might just take the money and try to get my car fixed. But most likely what is going to happen is that I get another car. Price range will be the same of the previous car, $12,000ish. I plan on have $2,000 ready to put down on a car.
I plan on going back to work on Monday. I will be carpooling so no charge. If I spend wisely, I should have about to save up $1,500 each month. So by the end of June, I should have $3,000 and some change saved up. So I would do $2,000 for a new car and then $1,000 saved for my crazy new insurance rates.
Hopefully my plan doesn't suck. Anyway, what kind of car should I get? I think I'm done with the sport blue coupes. I'm open to almost anything. I'm somewhat concerned with gas mileage. I don't want an SUV unless I really need it. I like my 30mpg coupes.
- Get another Chevy Cobalt?
- Get a nice Jeep for off roading?
- Chevy Aveo hatchback?
- Toyota Yaris hatchback?
Right now, I'm mostly leaning towards the Chevy Aveo hatchback. Lots of room for computers and stuff, 4 doors, still looks cool, and probably room for my subs.