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re: I’m gonna get screwed

Posted on 5/26/23 at 8:07 am to
Posted by CitizenK
BR
Member since Aug 2019
12097 posts
Posted on 5/26/23 at 8:07 am to
Happened to my wife and I over a year ago. I was really shocked at what the value of totaled vehicles was, 4X what blue book value had been 6 months earlier.

What shocked me even more was at first using Lyft to get around (wife bedridden for a month and my right knee had issues) was if traveling locally ride share was cheaper than owning even a cheap junker vehicle.
This post was edited on 5/26/23 at 8:09 am
Posted by tiger94gop
GEISMAR
Member since Nov 2004
3053 posts
Posted on 5/26/23 at 8:16 am to
Just happened to me. We bought my youngest a car. Drove it for 4.5 years, someone hits it and insurance totaled it. We got more than we initially paid for the car, even after driving it for 4 years. We did okay with that, but I knew the used market is inflated.
I couldn't replace the car for what they gave us if I bought the exact same vehicle, with the current mileage, year, etc; if we could find one. We bought a little bit better car, with miles comparable to what was on the first car when we purchased it. It ended up costing double. to go from a 2012 to a 2018.
Posted by SantaFe
Baton Rouge
Member since Apr 2019
7191 posts
Posted on 5/26/23 at 8:28 am to
Posted by castorinho
13623 posts
Member since Nov 2010
84565 posts
Posted on 5/26/23 at 8:35 am to
quote:

You got a gap in your brain
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