That's very weird. Typically you either:

• Go through your insurance, pay your deductible, and your insurance company subrogates the other party's insurance. If your insurance company successfully subrogates, then you get your deductible back.
• Go through their insurance initially.

I've never heard of an insurance company offering to pay your deductible and rental but not pay for the repairs. They are ultimately liable for the repairs.

Edit: To add a bit more, if this is to get you to sign a release, then that would be a violation of your policy (most likely) with your insurer. If you sign the release, your insurer can deny your claim. A subrogation clause in your policy typically says you cannot prejudice the insurer’s subrogation right.

The only car companies offer 0.9% are the ones nobody wants, hence the incentive. Toyota is advertising special financing at 3.9% for contrast. Promo rates can change at any time to account for market demand or supply, or their ability to move the cars they have.

What’s your credit score. 13% is obnoxious. 500 car payment isn’t the craziest part, paying that much to the bank is. I’d buy a cheaper car for now and plan on getting a nicer car in the future. We bought a one year old car through a credit union and still got the new car rate… I’d do that on a cheap/small car and then when credit improves buy something nicer

As the other guy said it is not a rule but a guideline. If you are spending more than 30% of your total income in housing costs your expenses are out of balance and other things suffer such as your savings.

Heck some people then look at it as if it was a goal, which is also off the mark. I make good money, I could afford a lot more house but it is awesome that my current mortgage payment is only 12% of my gross, it makes it super easy to find money to save.

I'm not struggling to pay them off though. I could pay off the $400 if I wanted too, but I'm just making payments above the minimum. I do think I need one with a higher limit, these just have low limits because I got them during a rough time

If I make 300K, since I value my health and time I would take a loan at the least rate possible (5% right now). A bicycle in the rain and sun is a no-no for me.

In the grand scheme of things, is $500 a month too much for a car when someone makes so much money? When do we start living life and stop penny-pinching?

There is no “may” about it, they 100% will come out ahead filing jointly. It’s mathematically impossible for them not too. The only reason to file separate is a pending divorce or student loan repayment reason.

You may find these links helpful:

• 401(k) Fund Selection Guide
• 401(k) FAQs
• "How to handle $"

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My understanding is that they use their insurance because it’s their fault. That way it doesn’t cost you anything and your rates don’t go up. If the damage is $2500 and they only pay $500 for a deductible and your insurance company pays $2000, your rate is going up and their insurance company got out of it for $500.

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I wouldn't trust anything other than salary because everything else may not exist from one year to the next.

Get a low limit credit card and use it and pay it off each month, there is ZERO reason to take this car loan.

This is the way. You have a ton of money to save. Save for a bit and buy a car outright.

It's a rule of thumb, not an iron-clad law.

When you "sell" you must move to something else like even a money market isn't considered cash, you can never have cash in a 401k

You have two options, you can fight this by asking for verification of the debt from the collections agency, as well as notifying the credit agencies and providing your own proof (which you don’t seem to have?). Or you can pay it and hope the damage is not enough to impact your home purchase. If your priority is to buy a house and you don’t have proof of cancellation, your best bet is to pay it off and move on. You stand to lose more if it’s temporarily removed from your credit while you fight is and then added back right before closing on a home, ranking your home purchase.

That was what I figured as well, but hearing someone who has gone through a similar process as me reassures me. I didn't even know what an equity was 5 years ago - I've come a very long way. But I know I have a lot further to go.

I think I will cash out my robo advisor, even though its scary. It's my last safety net, and I've been pretty poor before. I think its worth the risk, though.

Thank you for your tangible advice, I very much appreciate it.

That 2003 jeep might end up costing more than the newer Nissan to repair and keep running for a significant amount of time tbh

Where is marriage in this scenario? You gave a timeline of 9 years together but no date on when the marriage would take place, which would solve all these issues. Other than that, the most equitable would be % wise, but nitty gritty stuff like that causes friction.

Get rid of the debt, it’ll keep building. Adding debt to debt isn’t a good idea. Pay off the student loads, use the 10k as a down payment in a house.

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You can't pay off and use your current cards correctly. You don't need another card and need to instead pay off the debt you already have. APR should be a completely irrelevant aspect of using credit cards. I have zero clue what mine are.

Never too late. The only thing between you and success is yourself.

If you're interested in software development and enjoy it it can be very rewarding, I'm of a mind that it, like most engineering roles, requires passion ...or maybe better said, simply wanting to know. There is plenty of demand across many industries, being specialized and staying close to the product make a difference.

The other options you're looking out sound viable too, I think the best one is likely the one that interests you the most, concerns about AI causing layoffs or AA positions going away are overblown, when technology and roles change you can ride the wave or it can ride you, just keep swimming. Pick your direction first, then step on the pedal.

If you can swing it in your monthly that would be a bit better

Where does the gamble come in?

Either way, the response doesn't answer the question.