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Tafkam Hokie

Joined: 10/07/1999 Posts: 35179
Likes: 13640

What's this?

I've never understood the "more than its worth" line of thinking


Sure, if the car is still worth $20K and you had planned on selling it soon anyway, then what it is worth is relevant to the discussion.

But by the time you are looking to repair a car with close to zero worth (say, $2000 or less), then you aren't keeping that car around because of its value. You keep it around because it provides you cheap transportation that you trust.

What the car is worth is irrelevant. What is relevant is getting cheap transportation you can trust. So in this situation, you can fix up the clunker you've got and end up with cheap transportation you can trust, or you can take the insurance settlement and try to buy another car. Maybe some have better luck than I do with used cars, but I don't see getting something you can trust for $2000 or less.

Now, if you were looking to get another car soon anyway and wrecking the car is only moving up the timetable a bit, that is fine.

But at this instant, you have a very specific problem. No transportation. The question is how to solve that problem. Fixing up a wrecked car you otherwise trust is probably more reliable than trying to buy an unknown clunker with the same amount of money.

(In response to this post by Naelbis)

Posted: 08/11/2018 at 1:04PM


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Current Thread:
 
  Need some collective Lounge advice -- Hokie Koooster 08/10/2018 4:34PM
  Thanks for all the advice - funny and serious. Couple of things - -- Hokie Koooster 08/10/2018 9:46PM
  How old is your son? ** -- CPRVHokie 08/10/2018 9:07PM
  Lkq pick a part for the lights and bumper -- bigbadbird 08/10/2018 8:04PM
  Replace the tail light and drive it as a beater. Nothing to lose -- YardBird 08/10/2018 6:47PM
  Drive it into her house. ** -- FlintMS 08/10/2018 6:43PM
  What I think will happen -- MrBayAreaHokie 08/10/2018 6:35PM
  "My dad's a television repairman and he has an untimate set of tools... -- EDGEMAN 08/10/2018 6:19PM
  ...Lowell the hammer ** -- chumley 08/10/2018 6:14PM
  Sorry that occurred. I owned a 1998. Good cars. ** -- MEHOKIE 08/10/2018 5:55PM
  Your insurance company will total the car. -- two91hokies 08/10/2018 5:43PM
  In today's terms, that's $3500 easy. I know. Crazy. ** -- HokieinTampa 08/10/2018 8:46PM
  You might be able to pound the metal back out, the light and fixture and -- fordham 08/10/2018 5:34PM
  That should buff right out ** -- No1Hokie 08/10/2018 5:26PM
  ...put a bumper sticker over it ** -- chumley 08/10/2018 6:10PM
  Hope she got a big fat ticket ** -- 83Hokie 08/10/2018 5:25PM
  Get rid of it, if your financial situation allows -- vt_mughal 08/10/2018 5:18PM
  See what it would cost to make it legally driveable and safe. -- Hokie360 08/10/2018 4:50PM
  A case of bondo? ** -- EDGEMAN 08/10/2018 6:31PM
  Duct Tape ** -- Stork 08/10/2018 4:45PM
  Cost more to fix it than it is worth. -- Naelbis 08/10/2018 4:42PM
  Maybe see what a junk yard or dealer will pay for it as is -- HokieAl 08/10/2018 4:39PM

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