Dude, I Totaled My Car

This past Saturday I had a wee-bit of a car accident that I was very fortunate to walk away from. My car on the other hand didn’t make it. My ’99 Jetta lasted me almost 7 years and 80,000 miles. I cleaned it out yesterday and walked away from it. I was shocked at how easy it was to walk away from something that has been with me for so long, but without any utility and looking like a piece of modern art (I can’t stand modern art), I said “peace out” and started looking in my mailbox for the insurance check.

I have gone through every aspect and permutation of my life in the past few days. Even though my career is metro accessible, I still need a car. It’s not fun to HAVE to buy a car. I would rather be able to stick to my plan and use my “new car” sub account to buy a new vehicle 4-5 years from now. Well, life happens, doesn’t it?

Here is the full sitch, with the insurance payout, my primary savings, my new car savings and a bit of extra cash, I have about $7,000 cash I can put towards a vehicle. That is a good start and makes it so that I have several options. Speaking of options, this is what I am looking at.

  • Buy a used POS for less than the insurance payout and hope it lasts for a year or maybe two.
  • Buy a decent used car that hopefully has some legs to it. Maybe spend $5000-$8000 for something that will last 4 years.
  • Buy a good used car, make a car payment and have something that will last me 10 years.
  • Buy a new car, help stimulate the economy (Japan’s economy – probably going Honda), make car payments and drive the car until I am 40 (15 years).
  • Go on the Price is Right, win a new car and invest the insurance money into my Roth IRA! (Thanks Dave for the ecouragment)

All of these options are good and bad, but I need to make the best out of a bad situation.  Now, I will say that I am not someone who LOVES their car. I enjoy my car, primarily for it’s utility.

So here I am, trying to make an economic decision that will drastically impact my life for the 10+ years. This will be my biggest purchase, outside of a house in the next 15 years, so I feel that it’s important not to screw it up. That’s right, if I get a new car, I am driving that car into the ground. Heck, if I get a used car, the same applies.

What’s a guy to do that doesn’t want to start making car payments, but realizes that this is maybe the best opportunity i will ever see to buy a new car? There are rebates, financing incentives, etc. all making this THE time to buy. Not to mention, it’s summer and isn’t their usually a huge 4th of July sale coming up for most dealers?

Yeah, you can tell I am leaning towards a new vehicle, but I am open to hearing anyone else’s thoughts. I may be in virgin territory here. How many PF bloggers start their blog preaching conscious spending, getting out of debt, and accumulating wealth and then two weeks later, goes out and finances a new car?

I have not made up my mind, but I don’t want to put good money after bad (because that is just dumb). Let me know your thoughts by leaving a comment.

2,687 Responses to Dude, I Totaled My Car
  1. spy pen camera
    November 15, 2018 | 10:27 am

    say about this article, in my view its in fact

  2. bitcoin
    November 15, 2018 | 1:32 pm

    Pretty nice post. I just stumbled upon your weblog and wished to say that I have really enjoyed browsing your blog posts. After all I will be subscribing to your feed and I hope you write again soon!

  3. eyelash extensions cambridge
    November 15, 2018 | 3:40 pm

    Thanks a lot for the post.Really looking forward to read more.

  4. english translation
    November 15, 2018 | 5:53 pm

    the excellent information you have here on this post. I am returning to your web site for more soon.

  5. czech regulations
    November 15, 2018 | 7:39 pm

    You have made some good points there. I checked on the net for additional information about the issue and found most individuals will go along with your views on this web site.

  6. Viagra
    November 15, 2018 | 7:55 pm

    Awsome blog! I am loving it!! Will be back later to read some more. I am taking your feeds also.

  7. science and technology
    November 15, 2018 | 10:07 pm

    I enjoy you because of all of your hard work on this blog. Kate really likes making time for research and it’s really easy to see why. We all notice all of the dynamic medium you deliver important thoughts via this web blog and as well encourage response from other individuals on the subject matter plus our favorite daughter is really starting to learn a lot. Enjoy the rest of the year. You are performing a powerful job.

  8. bitmex
    November 16, 2018 | 12:21 am

    This is a good tip particularly to those new to the blogosphere. Short but very accurate info Thank you for sharing this one. A must read article!

  9. zhaljuzi
    November 16, 2018 | 7:25 am

    Very interesting details you have mentioned , regards for putting up.

  10. agencia de creatividad
    November 16, 2018 | 7:49 am

    What as up, just wanted to say, I loved this article. It was practical. Keep on posting!

  11. สยามสมาคม
    November 16, 2018 | 8:10 am

    hi!,I really like your writing very so much! percentage we keep in touch more approximately your post on AOL? I require a specialist in this area to unravel my problem. May be that’s you! Having a look ahead to look you.

  12. mezcladora para cocina
    November 16, 2018 | 8:16 am

    Your style is really unique in comparison to other people I ave read stuff from. Thanks for posting when you ave got the opportunity, Guess I all just bookmark this web site.

  13. ออแกไนซ์
    November 16, 2018 | 1:08 pm

    I value the post.Really thank you! Cool.

  14. ulthera
    November 16, 2018 | 1:43 pm

    You have observed very interesting details ! ps nice web site. Loneliness seems to have become the great American disease. by John Corry.

  15. Candace
    November 16, 2018 | 2:24 pm

    Woah! I am really loving the template/theme of this blog. It as simple, yet effective.

  16. burberry
    November 16, 2018 | 2:56 pm

    usually posts some quite intriguing stuff like this. If youre new to this site

  17. burberry
    November 16, 2018 | 3:52 pm

    below you will find the link to some internet sites that we consider you must visit

  18. Arturorina
    November 16, 2018 | 4:09 pm

    online 20 mg medicamen

    35ef online 10 20m

  19. Kera
    November 16, 2018 | 5:14 pm

    That is a great tip particularly to those fresh to the blogosphere. Brief but very accurate information Thank you for sharing this one. A must read post!

  20. gucci
    November 16, 2018 | 5:38 pm

    please check out the internet sites we adhere to, including this one particular, as it represents our picks in the web

  21. Rolande
    November 16, 2018 | 6:06 pm

    I’а†ve read several just right stuff here. Certainly worth bookmarking for revisiting. I wonder how much attempt you set to make such a fantastic informative web site.

  22. จัดงานแต่งงาน
    November 16, 2018 | 6:17 pm

    It is in reality a nice and helpful piece of info. I’m satisfied that you simply shared this useful information with us. Please stay us up to date like this. Thank you for sharing.

  23. gucci
    November 16, 2018 | 8:20 pm

    here are some hyperlinks to sites that we link to mainly because we think they may be really worth visiting

  24. burberry
    November 16, 2018 | 8:46 pm

    please pay a visit to the web pages we adhere to, which includes this one particular, as it represents our picks through the web

  25. gucci
    November 16, 2018 | 8:55 pm

    that may be the finish of this write-up. Right here you will uncover some web-sites that we believe you will appreciate, just click the hyperlinks over

  26. gucci
    November 16, 2018 | 9:17 pm

    one of our visitors not long ago proposed the following website

  27. burberry
    November 16, 2018 | 9:55 pm

    just beneath, are several absolutely not associated internet sites to ours, however, they may be surely worth going over

  28. Latasha
    November 16, 2018 | 10:09 pm

    This particular blog is without a doubt cool and also informative. I have picked up a lot of handy tips out of it. I ad love to go back again and again. Thanks a bunch!

  29. burberry
    November 16, 2018 | 10:20 pm

    check beneath, are some absolutely unrelated web-sites to ours, nonetheless, they’re most trustworthy sources that we use

  30. burberry
    November 16, 2018 | 11:13 pm

    below youll uncover the link to some internet sites that we believe you should visit

  31. versace
    November 17, 2018 | 12:14 am

    Every as soon as in a even though we pick blogs that we read. Listed beneath are the latest internet sites that we pick

  32. versace
    November 17, 2018 | 12:26 am

    Sites of interest we’ve a link to

Trackbacks/Pingbacks
  1. Indoxxi
  2. 123Movies
  3. https://fireplaceparadise.net/7963/sonic-menu-view-our-business-next-to-find-out-further-info/
  4. https://allthingscrypto.tech/how-blockchain-technology-could-transform-marketing-part-1/feed/
  5. http://sdsn.rsu.edu.ng/index.php/component/k2/itemlist/user/227374
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/dude-i-totaled-my-car/trackback/

Dude, I Totaled My Car

This past Saturday I had a wee-bit of a car accident that I was very fortunate to walk away from. My car on the other hand didn’t make it. My ’99 Jetta lasted me almost 7 years and 80,000 miles. I cleaned it out yesterday and walked away from it. I was shocked at how easy it was to walk away from something that has been with me for so long, but without any utility and looking like a piece of modern art (I can’t stand modern art), I said “peace out” and started looking in my mailbox for the insurance check.

I have gone through every aspect and permutation of my life in the past few days. Even though my career is metro accessible, I still need a car. It’s not fun to HAVE to buy a car. I would rather be able to stick to my plan and use my “new car” sub account to buy a new vehicle 4-5 years from now. Well, life happens, doesn’t it?

Here is the full sitch, with the insurance payout, my primary savings, my new car savings and a bit of extra cash, I have about $7,000 cash I can put towards a vehicle. That is a good start and makes it so that I have several options. Speaking of options, this is what I am looking at.

  • Buy a used POS for less than the insurance payout and hope it lasts for a year or maybe two.
  • Buy a decent used car that hopefully has some legs to it. Maybe spend $5000-$8000 for something that will last 4 years.
  • Buy a good used car, make a car payment and have something that will last me 10 years.
  • Buy a new car, help stimulate the economy (Japan’s economy – probably going Honda), make car payments and drive the car until I am 40 (15 years).
  • Go on the Price is Right, win a new car and invest the insurance money into my Roth IRA! (Thanks Dave for the ecouragment)

All of these options are good and bad, but I need to make the best out of a bad situation.  Now, I will say that I am not someone who LOVES their car. I enjoy my car, primarily for it’s utility.

So here I am, trying to make an economic decision that will drastically impact my life for the 10+ years. This will be my biggest purchase, outside of a house in the next 15 years, so I feel that it’s important not to screw it up. That’s right, if I get a new car, I am driving that car into the ground. Heck, if I get a used car, the same applies.

What’s a guy to do that doesn’t want to start making car payments, but realizes that this is maybe the best opportunity i will ever see to buy a new car? There are rebates, financing incentives, etc. all making this THE time to buy. Not to mention, it’s summer and isn’t their usually a huge 4th of July sale coming up for most dealers?

Yeah, you can tell I am leaning towards a new vehicle, but I am open to hearing anyone else’s thoughts. I may be in virgin territory here. How many PF bloggers start their blog preaching conscious spending, getting out of debt, and accumulating wealth and then two weeks later, goes out and finances a new car?

I have not made up my mind, but I don’t want to put good money after bad (because that is just dumb). Let me know your thoughts by leaving a comment.

2,687 Responses to Dude, I Totaled My Car
  1. spy pen camera
    November 15, 2018 | 10:27 am

    say about this article, in my view its in fact

  2. bitcoin
    November 15, 2018 | 1:32 pm

    Pretty nice post. I just stumbled upon your weblog and wished to say that I have really enjoyed browsing your blog posts. After all I will be subscribing to your feed and I hope you write again soon!

  3. eyelash extensions cambridge
    November 15, 2018 | 3:40 pm

    Thanks a lot for the post.Really looking forward to read more.

  4. english translation
    November 15, 2018 | 5:53 pm

    the excellent information you have here on this post. I am returning to your web site for more soon.

  5. czech regulations
    November 15, 2018 | 7:39 pm

    You have made some good points there. I checked on the net for additional information about the issue and found most individuals will go along with your views on this web site.

  6. Viagra
    November 15, 2018 | 7:55 pm

    Awsome blog! I am loving it!! Will be back later to read some more. I am taking your feeds also.

  7. science and technology
    November 15, 2018 | 10:07 pm

    I enjoy you because of all of your hard work on this blog. Kate really likes making time for research and it’s really easy to see why. We all notice all of the dynamic medium you deliver important thoughts via this web blog and as well encourage response from other individuals on the subject matter plus our favorite daughter is really starting to learn a lot. Enjoy the rest of the year. You are performing a powerful job.

  8. bitmex
    November 16, 2018 | 12:21 am

    This is a good tip particularly to those new to the blogosphere. Short but very accurate info Thank you for sharing this one. A must read article!

  9. zhaljuzi
    November 16, 2018 | 7:25 am

    Very interesting details you have mentioned , regards for putting up.

  10. agencia de creatividad
    November 16, 2018 | 7:49 am

    What as up, just wanted to say, I loved this article. It was practical. Keep on posting!

  11. สยามสมาคม
    November 16, 2018 | 8:10 am

    hi!,I really like your writing very so much! percentage we keep in touch more approximately your post on AOL? I require a specialist in this area to unravel my problem. May be that’s you! Having a look ahead to look you.

  12. mezcladora para cocina
    November 16, 2018 | 8:16 am

    Your style is really unique in comparison to other people I ave read stuff from. Thanks for posting when you ave got the opportunity, Guess I all just bookmark this web site.

  13. ออแกไนซ์
    November 16, 2018 | 1:08 pm

    I value the post.Really thank you! Cool.

  14. ulthera
    November 16, 2018 | 1:43 pm

    You have observed very interesting details ! ps nice web site. Loneliness seems to have become the great American disease. by John Corry.

  15. Candace
    November 16, 2018 | 2:24 pm

    Woah! I am really loving the template/theme of this blog. It as simple, yet effective.

  16. burberry
    November 16, 2018 | 2:56 pm

    usually posts some quite intriguing stuff like this. If youre new to this site

  17. burberry
    November 16, 2018 | 3:52 pm

    below you will find the link to some internet sites that we consider you must visit

  18. Arturorina
    November 16, 2018 | 4:09 pm

    online 20 mg medicamen

    35ef online 10 20m

  19. Kera
    November 16, 2018 | 5:14 pm

    That is a great tip particularly to those fresh to the blogosphere. Brief but very accurate information Thank you for sharing this one. A must read post!

  20. gucci
    November 16, 2018 | 5:38 pm

    please check out the internet sites we adhere to, including this one particular, as it represents our picks in the web

  21. Rolande
    November 16, 2018 | 6:06 pm

    I’а†ve read several just right stuff here. Certainly worth bookmarking for revisiting. I wonder how much attempt you set to make such a fantastic informative web site.

  22. จัดงานแต่งงาน
    November 16, 2018 | 6:17 pm

    It is in reality a nice and helpful piece of info. I’m satisfied that you simply shared this useful information with us. Please stay us up to date like this. Thank you for sharing.

  23. gucci
    November 16, 2018 | 8:20 pm

    here are some hyperlinks to sites that we link to mainly because we think they may be really worth visiting

  24. burberry
    November 16, 2018 | 8:46 pm

    please pay a visit to the web pages we adhere to, which includes this one particular, as it represents our picks through the web

  25. gucci
    November 16, 2018 | 8:55 pm

    that may be the finish of this write-up. Right here you will uncover some web-sites that we believe you will appreciate, just click the hyperlinks over

  26. gucci
    November 16, 2018 | 9:17 pm

    one of our visitors not long ago proposed the following website

  27. burberry
    November 16, 2018 | 9:55 pm

    just beneath, are several absolutely not associated internet sites to ours, however, they may be surely worth going over

  28. Latasha
    November 16, 2018 | 10:09 pm

    This particular blog is without a doubt cool and also informative. I have picked up a lot of handy tips out of it. I ad love to go back again and again. Thanks a bunch!

  29. burberry
    November 16, 2018 | 10:20 pm

    check beneath, are some absolutely unrelated web-sites to ours, nonetheless, they’re most trustworthy sources that we use

  30. burberry
    November 16, 2018 | 11:13 pm

    below youll uncover the link to some internet sites that we believe you should visit

  31. versace
    November 17, 2018 | 12:14 am

    Every as soon as in a even though we pick blogs that we read. Listed beneath are the latest internet sites that we pick

  32. versace
    November 17, 2018 | 12:26 am

    Sites of interest we’ve a link to

Trackbacks/Pingbacks
  1. Indoxxi
  2. 123Movies
  3. https://fireplaceparadise.net/7963/sonic-menu-view-our-business-next-to-find-out-further-info/
  4. https://allthingscrypto.tech/how-blockchain-technology-could-transform-marketing-part-1/feed/
  5. http://sdsn.rsu.edu.ng/index.php/component/k2/itemlist/user/227374
Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/dude-i-totaled-my-car/trackback/