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A comment on Are SUVs Ruining Retirement Savings?. Parent comment

Re:Are SUVs Ruining Retirement Savings? by gruez on Tuesday July 17, 2018 @11:56AM (#17550570)
>I never carried collision or comprehensive insurance, having the opinion that dealing with insurance is always a pain in the ass. The insurance premium is simply a markup on the expected value of what the insurance company would pay out. My "inner mathematician" couldn't permit it.

so what do you do if you drive to work, and you total your car? do you have the cash on hand for a replacement car?

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Re:Are SUVs Ruining Retirement Savings? by sokoloff on Tuesday July 17, 2018 @12:05PM (#17550661)
Considering the next "beater" is likely to be well under $5K, I'd wager they probably do.
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Re:Are SUVs Ruining Retirement Savings? by gascan on Tuesday July 17, 2018 @12:08PM (#17550686)
He describes he piled it in to investing. Put the repairs on a credit card, and you've got thirty-ish days to liquidate, which is plenty of time.
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Re:Are SUVs Ruining Retirement Savings? by maimeowmeow on Tuesday July 17, 2018 @12:06PM (#17550670)
He drives a beater, you can buy another one for around 10k.

If you dont have that kind of money in emergency fund, your playing it risky

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Re:Are SUVs Ruining Retirement Savings? by s5fs on Tuesday July 17, 2018 @12:33PM (#17550914)
I see "runners" on Craigslist all the time for around $1500, I'd say that's the bottom dollar for something that you can probably drive for a year without serious mechanical failures. However, used is always a gamble (at any cost) so if you're buying cheap, make sure parts are cheap too. Just because you can get a 2000s+ BMW for $3k doesn't mean you should!
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