Buy new or used car (Debts and Insurances Money)
Hi there, need some personnal finance advice.. (Sorry in advance english is my second language)
Totaled my card the other day and I'm gonna receive 20 700$ from the insurances company. I had a 2010 Subaru Impreza with 120 000km on it. (Had some options on my insurances : value paid + 5% / per year)
Anyhow, I don't know what I should do.. I have 17 000$ left on a line of credit at 3.67% so I could use the insurances money and completly pay it off.
I could buy a new car where my Dad's work and get a 2017 Cx-5 GS AWD at cost. I still don't know how much It would be since my dad is still in vacation (Around 450$/month for 84 months at 1.9% or 500$/month for 72 months at 0.9%)
Or I buy a used car with the 20 700$ and still have 17k left on my line of credit..
Totaled my card the other day and I'm gonna receive 20 700$ from the insurances company. I had a 2010 Subaru Impreza with 120 000km on it. (Had some options on my insurances : value paid + 5% / per year)
Anyhow, I don't know what I should do.. I have 17 000$ left on a line of credit at 3.67% so I could use the insurances money and completly pay it off.
I could buy a new car where my Dad's work and get a 2017 Cx-5 GS AWD at cost. I still don't know how much It would be since my dad is still in vacation (Around 450$/month for 84 months at 1.9% or 500$/month for 72 months at 0.9%)
Or I buy a used car with the 20 700$ and still have 17k left on my line of credit..