I was recently in an accident. im in NEED of a car and not sure what to do. trade in for new car or for cash?

Question

i had insurance but im not sure if i'll be able to trade the car in for cash only

there is major damage to the car but it still runs perfectly

the car was used when i got it [only one other owner besides myself]

the car is now worth about 5000 dollars

the car is 4 years old

Answer 1

i agree, 4$ per gallon, just ride a bike

Answer 2

and pay 4.75 a gallon  for gas? ha! if i was you, i would sell it and take the bus!

Answer 3

Make use of google to collect some related links or you could try to use answer engines like yahoo answer or answer.com to get some related answers.nonetheless,If you like some direct resource,here is a good resource from my own experience.http://car-insurance.easyideas4u.info/ca...

Answer 4

Do you owe money on the car?  That would make a difference.  I would buy a cheap used car if the insurance proceeds just pay off the loan and start saving.  Avoid a car payment if you can.

Answer 5

Your insurance co will make that decision for you. They will either pay you for your car's worth or they will fix it if the fixing cost is less than car cost.