Hi
My 2001 Chrysler mini-van was stolen yesterday. I am doubtful that it will be found. We did have a loan on it since it was just bought last year. I owe just over 4k on it and the blue book value is about 6k which I assume I would get for insurance.
I don't have the money in saving to buy a new car. I may be able to take $2k out more of a downpayment. We also have a 1996 car that will need to be replaced in 1-2 years.
I do need a mini-van I still have 2 kids a in car seats.
Should I buy something fairly new and keep it for years thinking about 15k or so.
Should I buy something under $7k and then get a newer car in a few years.
Thoughts????
My 2001 Chrysler mini-van was stolen yesterday. I am doubtful that it will be found. We did have a loan on it since it was just bought last year. I owe just over 4k on it and the blue book value is about 6k which I assume I would get for insurance.
I don't have the money in saving to buy a new car. I may be able to take $2k out more of a downpayment. We also have a 1996 car that will need to be replaced in 1-2 years.
I do need a mini-van I still have 2 kids a in car seats.
Should I buy something fairly new and keep it for years thinking about 15k or so.
Should I buy something under $7k and then get a newer car in a few years.
Thoughts????
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