I got some hail damage on my 2012 Jeep Grand Cherokee a few weeks ago. I made an insurance claim thinking it would cost MAYBE $1000 to repair. To my surprise, State farm decided it would cost over $9000 to repair and wrote me an $8600 check!! Even if my vehicle were in excellent condition (which it is not) It would only be worth $10000 (according to Kelly Blue Book). I'm trying to decide what to do with the money. I have one more year left of college and will most likely get a job next summer. I commute, so my car will have close to 200,000 miles by then. I feel like it would be smarter to invest the money from statefarm now and live with the dents on my car. Then in a year or 2 when my car is a true POS, use the money from statefarm as a down payment for a new vehicle. I don't know if this is a good decision and would really like input from others.
Tl,dr: I have an $8600 check from an insurance claim and I would rather invest the money than spend it on repairing dents.
Submitted April 28, 2018 at 08:18AM by Choosername66 https://ift.tt/2jc3bER
