Quote:
Originally Posted by Guru
Yeah but you have to keep in mind how much money you are paying into insurance to have that coverage.
In our case, it would have helped and hurt. he would have gotten something on a 2 month old car but our rates would have skyrocketed and possibly made us uninsurable.
I was breaking down what his rate would have been for full coverage for 2 years and it would have doubled the amount of his loan. Even after this, i would say it wouldn't have been worth it.
if we had somewhere to store it I would make him wait until he could afford to get it fixed. Checking with the grandparents since they have big driveways and are out of town, but I wouldn't if I were them.
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Give him the wife's spot in the garage.