Car help- was totaled

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP, it is a bit hard to understand what help you need from the board. Do you just want to replace the totaled car with the exactly same make/model? And not spend more than the insurance payout? Do you know how much insurance will pay? If not, go on any online car site and enter your car make/model/year/mileage range. It will show what is available for sale in your area. Take the average price of that and you got your insurance payout. Regarding buying new or used I think that a used non CPO car under 36k and 3 year (meaning still under bumper to bumper warranty) can get you the best combo of price and warranty.

Yes I saw one at an auto mall type place. (Are those legit?) and it's about 26k before fees so maybe 4k less than new. But then won't get the 2.9 APR. and they haven't called me back lol

I am not sure what model you are looking at. Just search on line, there are plenty of choices. You should be able to get 15-20% discount compared to a new car price. If you like Mazdas here is a nice example but you can find many others https://express.passportmazda.com/express/used/3MVDMBAM1PM507689?utm_source=cars.com&utm_medium=referral&utm_campaign=cars.com_deeplink&deal_type=finance&deal_down=2000&deal_months=72&payment_frequency=month

[Anonymous]

Mazdas suck. Your kid needs a used Honda CRV. End of story.

[Anonymous]

Also it sounds like you really can't afford another car at this time. College kids don't always need cars. There are bus routes and this thing called "walking."

[Anonymous]

Anonymous wrote:I'm getting 4k off MSRP so paying same amount for new 2025 as I did for new 2022 when I got it. Isn't that good or am I missing something? I think it's the idea of a new car for a 20 year old that's bothering me.

As is probably “rewarding” an accident, even if not his fault, with a new car. Still get the new one in this case and tell him to take care of it so it lasts into his career, you won’t buy him another. A safe car is good for the parents peace of mind too.

[Anonymous]

we buy bmw cpo that are 3 years old. sounds wild but BMW have massive depreciation at year 3 and cost the same as a civic, the cpo will give you at least another 1-2 year warranty.