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Joined: 9/29/13 Posts: 17398
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You can get full value replacement coverage

It cost more month to month, but in this situation could cover the variance between your depreciated value and the value of a brand new replacement. I don't think every carrier offers it, but if you prefer paying more month to month to guard against the big occasional hit, might be worth looking into.

Also, you could look at leasing the next one if downpayment and monthy cost is an issue in the short term. Might stink to have to re up in 36 to 39 months, but might buy you time to build up a new car downpayment or get you through your current tight financial situation. Also leases require gap insurance which covers your loss in value if you get in a wreck. Gap insurance covers your remaining lease payments so you are not out of pocket.
[Post edited by GtownHoo at 06/18/2019 07:40AM]

(In response to this post by Asheville Hoo)

Posted: 06/18/2019 at 07:40AM


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