I Just Got A $3,200 Check From The State of Michigan For Hoarding Cars. Now It’s Time To ‘Reinvest’

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The state of Michigan is paying drivers $400 per vehicle in an attempt to shrink an insurance fund that has ballooned out of control after residents paid into it for decades. I just got my check — which was based on how many vehicles I had insured in October of 2019 — and it turns out: I had eight. And now I’m rich. Naturally, like any shrewd businessman, I’m going to reinvest. Help me find my next junker.

“You should buy a house, David” they told me. “Buying all these junky cars is a bad financial decision,” they declared. But oh were they wrong. So, so wrong.

I will admit that, when I bought my rusted-out Jeep Grand Wagoneer, my non-running 1979 Jeep Cherokee Golden Eagle, my totaled 1991 Jeep Cherokee, and the rest of my fleet, I wasn’t doing it for any “intelligent” reason. I was doing it because these vehicles are awesome and I could literally see no reason not to buy them. I was blinded by obsession.

I later learned that owning lots of cars can be a burden; I’ve been stranded a few times, I’ve been overwhelmed every moment of every day for the past seven years, and my bank account has contained tumbleweeds all too often. Despite this, though, I’m thrilled to say that luckily I ended up hoarding cars that have gone up in value. People love old Jeeps! So my “problem” has actually been a decent financial decision, somehow, and that was made even clearer last week when I received this fat check in the mail:

I’m rich!

Thirty-two hundred smackers — do you know how many Postal Jeeps I could buy with that? Six! Do you know how many rusty Forward Control pickups I could get? At least two! And if we start talking about parts, things get even more nuts; I once bought a running Jeep 4.0-liter engine for $145. The check above — which I earned by simply hoarding Jeeps — is worth over 22 running Jeep engines — TWENTY TWO.

Anyway, clearly I’m thrilled that somehow my stupidity has paid off.

A bit of background on why I am now The Richest Man At The Junkyard. It all starts with a rule in Michigan that required motorists to pay into a big fund meant to cover folks injured in crashes. From the The Michigan Catastrophic Claims Association:

The Michigan Catastrophic Claims Association (MCCA) is a private unincorporated, nonprofit association created by the Michigan Legislature in 1978. From the time the Legislature created the MCCA until July 2, 2020, Michigan’s unique no-fault insurance law required the owners and registrants of motor vehicles registered in Michigan to buy unlimited lifetime coverage for medical expenses resulting from motor vehicle accidents.

It turns out, that fund has become bigger than necessary, so the MCCA decided that it’d be handing out refunds based on the number of cars each resident had insured on October 31, 2021, or roughly the time when I reached peak-hoarder. From the state of Michigan:

The MCCA’s analysis determined that approximately $3 billion of the surplus could be returned to policyholders while ensuring continuity of care for auto accident survivors. The refund plan submitted to DIFS Monday by the MCCA will return money to every Michigander with an auto insurance policy in force as of 11:59 p.m. on October 31, 2021…The surplus funds will be turned over by the MCCA to the insurance companies operating in Michigan by March 9, 2022, and the insurers will be responsible for issuing checks to eligible policyholders.

Needless to say, I’ve been surfing my local Facebook Marketplace listings for business opportunities in which to invest my newfound riches.

This Crosley right here is only $2,000. That’s so cheap I can’t lose:

And check out this 1948 Kaiser. The body and interior look good given that this car costs only $3,400:

Then there’s this Studebaker Lark for sale; it’s only $2,800! What a deal:

I have to admit, I’ve been jonesing for a Model T for some time now:

 

But I’m not dropping over 10 large on that. Instead, should I opt for a $7,000 Willys Whippet — the poor person’s Model T?:

May be an image of car and outdoors

Then of course there’s still that Corvair for sale for only $3,700 — the one we mentioned in one of our Shitbox Showdowns last week:

It’s pretty clear to me that buying cars in bulk is just smart business, and I need to continue doing it. I had planned to part ways with some of my fleet — and I’m sticking with that goal — but that just means there’s more room for new mechanical friends. Maybe I should buy that green two-door manual XJ…

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96 Responses

  1. David, I think there is a website where you can enter information to be in an article titled “What Car Should I Buy?”. Some guy named Tom runs that article….
    I wonder if I can find it…

  2. This is the weirdness of content creation.

    On one hand, god, would I love to see you actually complete a project. Like…seeing one of them with a nice paint job, no significant rust, and no mechanical issues? That would be amazing.

    On the other hand, as soon as I see that David bought another shitbox that is absolutely the first article I click on.

    As long as it’s not as bad as the postal jeep or the willy’s. Every article on the Willy’s I was shouting at my screen to push it into a quarry and never speak of it again.

  3. I’m going to be “that guy” against my better judgment. The state of Michigan didn’t give you that check, USAA did at the states behest. I could go an about the Michigan Catastrophic Claims Association, but since this isn’t a car insurance forum I won’t.

  4. You need to buy whatever you think will piss The Karen off the most.

    And then make sure it is registered/plated/insured so that there is zero legal recourse they can try and force the city to take.

  5. David, are you even allowed to spend this windfall on anything other than more cars?
    As the Monty Python skit says ‘its oblee-gator-ee’.
    Were it me, one of these three ads would be getting a response right now:
    https://bend.craigslist.org/cto/d/powell-butte-1956-hollywood/7466498696.html
    https://bend.craigslist.org/cto/d/powell-butte-1969-ford-galaxie/7461295428.html
    https://bend.craigslist.org/cto/d/redmond-1966-toyota-stout-and-runner/7469741759.html
    ( did you realize that Craigslist lets you save favorites? very dangerous )

  6. David, ignore all these “sensible” comments advising you to fix what you already have and pare down the fleet. While that may generate a couple decent wrenching articles, you’ll make more hay from buying something new that you are unfamiliar with that needs fixing. I like the idea of an old junker from a defunct US brand, preferably with some interesting engineering behind it. We’ll get some history as well.

    Signed,
    The devil on your shoulder

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