So...
I got a call from State Farm today.
NADA is $3600.00 but they are deducting $700 for it having previous hail damage (not fixed) and $250 for my deductible. But adding almost $300 in taxes and other fees they pay for. So 2950.00 if I let them take the car and 2550.00 if I buy it back. The buyback is only $400.00.
The car has 204k as mentioned above and has some issues but nothing major. A/C needs fixed, needs lca's, needs a new washer fluid tank due to a hole, leaks oil, is a KR monster and hates boost! But I think I could easily fix it for $500.00 or under if I got all JY parts plus body color matching parts. This would make my car have a salvage title and I would never get anything out of it worth a crap. This would most likely let me pay off my wifes G6 a few months early and save me a $300.00 a month car payment. I would like to get another vehicle but at the moment I don't want another car payment and would like to start knocking down some of my debt.
OR I could go route 2 and Pay off the wifes car and put a downpayment on a different vehicle and let the insurance take my ride. It would make me pretty sad to let the GTP go as i've had it for 7 years and I have become quite attached to it even though it needs some tlc and work.
So what are you all's opinions. Lets hear them.
