its my first credit, the damaged on the car is not bad, but can i get the same car but new or a simliar car?
2007-05-26 11:23:21 · 6 answers · asked by Gilastrud 1 in Cars & Transportation ➔ Buying & Selling
Yes you can, if you have thousands of extra dollars laying around to pay for it. I know some people do, if you're one of them, go for it. But if you're like most of us, who aren't rich, I don't think that would be a wise decision.
If the car is repaired and is working just fine, why bother to trade it in?
Now if the car, no matter how much it is repaired, still won't operate up to par and this could mean a safety hazard to you and your family, trading it in might be the smartest thing to do.
Evaluate the extend of the damage and how repairable it really is. Good luck.
2007-05-27 09:01:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
If you want to pay the difference, you can trade your car in...either before or after it is repaired. Your insurance company only owes the cost of repairs, less a deductible. If the damage is not bad, there won't be any difference after the car is repaired.
2007-05-26 11:28:25 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
as the other posters stated, sure, you can trade it in, and buy a new car, but youre going to be out a gob of money. a new car looses 20% of its value as soon as it drives off the lot. So a $25,000 car is now worth $20,000. a reported accident... deduct at least $2000... then, youre not going to be paid book value for the trade in... subtract another $3500. Now a new car, same deal, it looses 20%. now, because you traded the car in for something new, youve just lost $15,500... from the time you bought the car... have you gotten $15,500 out of it?... my guessing is that you havent.
youre insurance company will not pay for you to get a new car... if they did, they would be out of business within their first month.
...oh yeah... this doesnt include taxes, title, or dealer fees...
add another $2000 to that... $17,500
2007-05-26 12:03:34 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I don't blame you for feeling like this. The whole situation stinks. I don't think there is anything you can do unless you want to sell or trade the car in later. I would wait till it gets repaired and the note is paid down.
2007-05-26 11:56:31 · answer #4 · answered by Busy Lady 2010 7 · 0⤊ 0⤋
Of course. You can do almost anything if you are willing to pay. But even if the vehicle had not been damaged it will sell for thousands less than you paid for it new. You will be paying through the nose for what amounts to vanity. You said the vehicle was not badly damaged. Cop it sweet.
2007-05-26 11:37:31 · answer #5 · answered by Anonymous · 1⤊ 0⤋
depends on your deductible.
2007-05-26 11:33:19 · answer #6 · answered by aquamono 3 · 0⤊ 1⤋