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[quote=Anonymous][quote=Anonymous]if the car was totaled, the insurance company should be giving you the value. I am curious what model of car dropped that much in 3 years, that it is that much less than cost of paying cash or close to it for a new vehicle.

My 2021 $70k car is prob worth $25. I can easily buy a car close to that. Of course, not the exact model, but def a “lesser” car.
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I had a CPO 2017 totaled with fewer than 30K miles.  I had to pay $8K out of pocket to replace it with a 2022 with slightly more safety equipment.

I would prefer used for a new driver but I think it could be rational to just get new for $3K more.

I actually ran some math on my spending and on average a car costs me about $3-4K per year of life.  Including parts and repair when old and high mileage.  So paying $3K more for zero miles vs. 30K miles is acceptable.  I've never purchased a new car more than $30K and have started buying CPO because of good deals.  But those were under 20K miles and $8K or more less than new.[/quote]

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