/biz/ - Business & Finance

>>5706766

That's the only good thing about them

Good morning /biz/, I'd like to hear your input on my situation.

My gf crashed my car, a 6 year old Peugeot 207 with 67k km on the meter. Nobody got hurt and insurance would pay for repairs, minus 500€ we have to pay ourselves. But here is the thing: repairs would cost 6800€. The workshop offered to buy the car from me for 7200€ instead of repairing it. So the repairs would cost as much as the car is worth.

So I went and looked at used cars of the same model, and found some for 6k € with only 30k km driven. I also called the guy who sells Hyundais to my dads business and also to his gf and my sister - we bought like 5 new cars of this guy.
So he offered me a brand new Hyundai i20 or i30 with lots of extras for 15k € and 13900€ respectively - that's about 5k cheaper than the regular price.

So should I buy a used car for 6k and pocket the 7200 difference, or use the 7200 as a down payment and get a really great deal on a new car with a shitload of extras?
I'm thinking of going for the new car because the used one will be worth nothing in 5 years, but the new 1 will be worth around 6-8k, maybe more when it's paid off in 3-4 years, and the used car will likely need repairs more often.

I could also get the new car on Monday, while the used ones are scattered across germany and it would take a couple of days to check them out, negotiate etc.

So what would you do?