If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
Dead car disposal?
Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in
the block. If, as expected, cost to repair is too close to the car's value, what disposal method makes the most economic sense, selling it to a junk/recycling yard, or donating it to a worthy cause for the tax deduction? -- ++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++ | Brian Gordon <-- brian dot gordon at cox dot net | + Bass: Lexington "Main Street Harmonizers" chorus + ------------------------------------------------------------------------------- |
Ads |
#2
|
|||
|
|||
Dead car disposal?
On 2014-01-31, Brian Gordon > wrote:
> Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in > the block. If, as expected, cost to repair is too close to the car's value, > what disposal method makes the most economic sense, selling it to a > junk/recycling yard, or donating it to a worthy cause for the tax deduction? The taxman clamped down on inflated donation values, so odds are the most money comes with the most work, selling it to someone who wants it for repair or parts. Next would likely be the wrecking yard.... last would be donating. But it all depends what they value it at for tax purposes... the deduction will only be worth your federal income tax rate percentage of that value to you. |
#3
|
|||
|
|||
Dead car disposal?
Brian Gordon > wrote:
>Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in >the block. If, as expected, cost to repair is too close to the car's value, >what disposal method makes the most economic sense, selling it to a >junk/recycling yard, or donating it to a worthy cause for the tax deduction? Depends on your income. That's a question for a tax lawyer and not a mechanic. --scott -- "C'est un Nagra. C'est suisse, et tres, tres precis." |
#4
|
|||
|
|||
Dead car disposal?
On Friday, January 31, 2014 10:36:54 AM UTC-5, Scott Dorsey wrote:
> Brian Gordon > wrote: > > >Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in > > >the block. If, as expected, cost to repair is too close to the car's value, > > >what disposal method makes the most economic sense, selling it to a > > >junk/recycling yard, or donating it to a worthy cause for the tax deduction? > > > > Depends on your income. That's a question for a tax lawyer and not a > > mechanic. > > --scott > > -- > > "C'est un Nagra. C'est suisse, et tres, tres precis." When donating a car (in some areas) you won't get a value to write off until the car has been sold at auction. With all of the different ways to get rid of the car you're probably only looking at a $200 difference in what you'll get out of it. Lots of scrap yards in my area pay $400 for complete junk cars. |
#5
|
|||
|
|||
Dead car disposal?
On 1/31/14, 9:43 PM, m6onz5a wrote:
> On Friday, January 31, 2014 10:36:54 AM UTC-5, Scott Dorsey wrote: >> Brian Gordon > wrote: >> >>> Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in >> >>> the block. If, as expected, cost to repair is too close to the car's value, >> >>> what disposal method makes the most economic sense, selling it to a >> >>> junk/recycling yard, or donating it to a worthy cause for the tax deduction? >> >> >> >> Depends on your income. That's a question for a tax lawyer and not a >> >> mechanic. >> >> --scott >> >> -- >> >> "C'est un Nagra. C'est suisse, et tres, tres precis." > > > > When donating a car (in some areas) you won't get a value to write off until the car has been sold at auction. > > With all of the different ways to get rid of the car you're probably only looking at a $200 difference in what you'll get out of it. Lots of scrap yards in my area pay $400 for complete junk cars. > Ow crap! I was gypped back in 1995. Got $100 for an old isuzu that tore the timing belt and was not a total junk :-( extra $300 would not have hurt |
#6
|
|||
|
|||
Dead car disposal?
In article >,
Brake Dive, Acceleration Squat, Body Roll Works LLC > wrote: >On 1/31/14, 9:43 PM, m6onz5a wrote: >> On Friday, January 31, 2014 10:36:54 AM UTC-5, Scott Dorsey wrote: >>> Brian Gordon > wrote: >>> >>>> Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in >>> >>>> the block. If, as expected, cost to repair is too close to the car's value, >>> >>>> what disposal method makes the most economic sense, selling it to a >>> >>>> junk/recycling yard, or donating it to a worthy cause for the tax deduction? >>> >>> >>> >>> Depends on your income. That's a question for a tax lawyer and not a >>> >>> mechanic. >>> >>> --scott >>> >>> -- >>> >>> "C'est un Nagra. C'est suisse, et tres, tres precis." >> >> >> >> When donating a car (in some areas) you won't get a value to write off >until the car has been sold at auction. >> >> With all of the different ways to get rid of the car you're probably >only looking at a $200 difference in what you'll get out of it. Lots of >scrap yards in my area pay $400 for complete junk cars. >> >Ow crap! I was gypped back in 1995. Got $100 for an old isuzu that tore >the timing belt and was not a total junk :-( >extra $300 would not have hurt OP: Locally, I'been offered $200, $235, and $275, all plus towing and title costs. A shame for a car worth close to $4K a week ago :-( -- ++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++ | Brian Gordon <-- brian dot gordon at cox dot net | + Bass: Lexington "Main Street Harmonizers" chorus + ------------------------------------------------------------------------------- |
#7
|
|||
|
|||
Dead car disposal?
On 2/7/14, 5:44 PM, Brian Gordon wrote:
> In article >, > Brake Dive, Acceleration Squat, Body Roll Works LLC > wrote: >> On 1/31/14, 9:43 PM, m6onz5a wrote: >>> On Friday, January 31, 2014 10:36:54 AM UTC-5, Scott Dorsey wrote: >>>> Brian Gordon > wrote: >>>> >>>>> Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in >>>> >>>>> the block. If, as expected, cost to repair is too close to the car's value, >>>> >>>>> what disposal method makes the most economic sense, selling it to a >>>> >>>>> junk/recycling yard, or donating it to a worthy cause for the tax deduction? >>>> >>>> >>>> >>>> Depends on your income. That's a question for a tax lawyer and not a >>>> >>>> mechanic. >>>> >>>> --scott >>>> >>>> -- >>>> >>>> "C'est un Nagra. C'est suisse, et tres, tres precis." >>> >>> >>> >>> When donating a car (in some areas) you won't get a value to write off >> until the car has been sold at auction. >>> >>> With all of the different ways to get rid of the car you're probably >> only looking at a $200 difference in what you'll get out of it. Lots of >> scrap yards in my area pay $400 for complete junk cars. >>> >> Ow crap! I was gypped back in 1995. Got $100 for an old isuzu that tore >> the timing belt and was not a total junk :-( >> extra $300 would not have hurt > > OP: Locally, I'been offered $200, $235, and $275, all plus towing and title > costs. A shame for a car worth close to $4K a week ago :-( > meaning what, the buyer picks up the tab for towing and title or you do? |
#8
|
|||
|
|||
Dead car disposal?
In article >,
Brake Dive, Acceleration Squat, Body Roll Works LLC > wrote: >On 2/7/14, 5:44 PM, Brian Gordon wrote: >>> extra $300 would not have hurt >> >> OP: Locally, I'been offered $200, $235, and $275, all plus towing and title >> costs. A shame for a car worth close to $4K a week ago :-( >> >meaning what, the buyer picks up the tab for towing and title or you do? > Buyer provides the tow and pays for the title transfer. -- ++++++++++++++++++++++++++++++++++++++++++++++++++ +++++++++++++++++++++++++++++ | Brian Gordon <-- brian dot gordon at cox dot net | + Bass: Lexington "Main Street Harmonizers" chorus + ------------------------------------------------------------------------------- |
#9
|
|||
|
|||
Dead car disposal?
On 1/30/2014 9:56 PM, Brian Gordon wrote:
> Our 2002 Saturn SL2 with only 110K threw a rod, making a significant hole in > the block. If, as expected, cost to repair is too close to the car's value, > what disposal method makes the most economic sense, selling it to a > junk/recycling yard, or donating it to a worthy cause for the tax deduction? > If you live in the right part of the country, you could just let it sit in your yard and rust [1] with a bunch of other crap for 50 years - very common in Indiana and parts farther south. [1] Yes, I am aware that the body panels will not rust. -- T0m $herm@n |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Renewed for you, Free Music Search Engine with the disposal of yourdesired song list to play | azgon | BMW | 0 | November 12th 11 06:54 AM |
Battery disposal LAW | Name | Audi | 0 | March 28th 06 07:12 AM |
disposal of old radiator | Ryan Underwood | Technology | 5 | October 2nd 05 02:03 AM |
Disposal of Refrigerant 12 dichlorodifluoromethane? | Wayne Pein | Technology | 4 | April 13th 05 11:26 PM |
Dead car disposal | Gordon Airporte | General | 0 | April 9th 04 05:36 PM |