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Reply to "Car was totaled. Buy used, rent as needed? I want do just buy new car."
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[quote=Anonymous]Our second car was totaled after a driver fell asleep and ran into our parked car. (Luckily he wasn’t hurt.) Our situation is that this is our second car (actually basically given us my ILs) that we use sometimes as little as once a week. (It’s needed for school pick up, kid sport practice so it’s not an Uber = solution.) The payout will be around $6500. Back in the olden times of two years ago it would almost make sense to just rent a car once a week when you could get a daily rate of $35. But now rates are high and the rental location that was walkable closed down so it just seems like such a hassle to imagine weekly doing, but buying a car that’s going to be reliable for $6500 with the scarcity of used cars and their inflated value seems like a bad plan. We’ve been so busy since this has all happened truly haven’t had a moment to talk but am I crazy that I think we should just buy a new car? My thinking is we use the payout for the first while of payments on the zero down/0% interest and then we’re pretty much leveraged time to where we would likely have been replacing this second car anyway (or regulating the first car as the spare.) Talk me out of this ![/quote]
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