Buy new or used car (Debts and Insurances Money)
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..