<human>: My roommate hit my car this morning, damaging the driver side rear quarter panel (dented it inwards about 4-6 inches; paint is undamaged) and smashed my tail light. He texted me this morning after it happened, explained the situation and said that he feels horrible and will do "whatever it takes to make things right".

I drive a cheap car (Oldsmobile Alero) that I was planning on driving until it dies - so I don't know what to do in terms of re-mediating the issue.

My roommate is a really close friend of mine and I don't want to punish him severely, but I'm still really unhappy with the situation. 

I need advice on how to deal with it and receive something in return for the damage without being harsh on my roommate.

Can you give me a shortened version of the text?
<bot>: Roommate feels bad that he hit my beater car. I don't know how to handle it without involving our insurance companies.