You Totaled Your Car. What Are You Replacing It With?

Photo: Mark Ralston (Getty Images)

It’s a scary thought but at some point most of us will have to replace our cars. Whether it’s because of an accident that results in total loss or a catastrophic breakdown, we’ll have to replace a beloved daily with a new one. In that case, what model would you replace your current car with?

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Keep in mind that the car market is bonkers and our dollars don’t go quite as far as they did a few years ago. Used models are pricier than ever while new cars keep coming in at average prices that seemingly go up every year. The average price of a new car is almost $48,000, while the average price of a used car was about $26,500 in the latest reports from Cox Automotive.

And it’s not like we’re in the midst of the global pandemic when car values were a bit higher. That would’ve worked out in favor of some of us, since it means more money back in a total loss. Even so, more money after a crash won’t always cover a replacement. Not in this market, anyway. The cheapest car you can own is the one you have right now, but if you didn’t have it anymore, what car would/could you get?