Best ways to get rid of a car?
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iTrader: (18)
Joined: Dec 2013
Posts: 3,228
From: Santa Cruz, California
Car Info: 2006 obp wrx limited sedan
Manual? I need a beater car that runs, doesnt hog gas and that I can rely on. Putting too many miles on my subie.
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Old School
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Joined: Jan 2001
Posts: 14,983
From: Union City
Car Info: '99 RBP GM6
This car averages like 22mpg since its a v6. Maybe 25ish on the hwy.
Really needs a windshield or whatever to address this leak. If it rains hard or goes through a car wash, water drips from where the windshield meets the headliner right above the steering wheel.
Belts are auto style. They seem worn, which is reason #1 I didn't finish this car up. I got a near 3yr old... I just didn't want her in there.
Bought a 03 Forester 5spd for my daily now. And ready to move on from this project.
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Joined: Jun 2011
Posts: 1,624
From: San Jose
Car Info: 2001 Acura TL - 2016.5 Mazda CX-5
Attachment 88377
The only one I got on my phone. Got new tires. Timing belt was done. Got it running. But had a chance of heart.
I'll contact some donation places tomorrow.
The only one I got on my phone. Got new tires. Timing belt was done. Got it running. But had a chance of heart.
I'll contact some donation places tomorrow.
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Joined: Jun 2008
Posts: 4,030
From: In Mother Russia...
Car Info: ...zeh car drives you!
AFAIK $500 is just a hassle free max amount for both sides...It gets complicated after that depending on how the car is used or what the chairty sells it for. You can claim the fair market value of your car, but you have to make sure to follow IRS guidance. It all depends on the charity you donate to. Typically the larger more established arganizations already have everything in place. However, I am not a tax expert and it is been a while since I donated a car, so rules might have changed.
EDIT: Here is what a quick Google search produced...
http://www.edmunds.com/sell-car/does...irs-rules.html
How To Deduct Fair Market Value
These are the four IRS rules under which you can get the maximum deduction (the fair market value) of a donated car:
1. When a charity auctions your car for $500 or less, you can claim either the fair market value or $500, whichever is less.
2. When the charity intends to make a "significant intervening use of the vehicle." This means the charity will use the car in its work, such as delivering meals to needy people.
3. When the charity intends to make a "material improvement" to the vehicle, which is "anything that increases the car's value and prolongs its life," Midwood says. "It can't be a minor repair or maintenance; it must be something like fixing the engine or systems that run the car," she says.
4. When the charity gives or sells the vehicle to a needy individual at a price significantly below fair market value, and the gift or sale is part of the charity's mission of helping the needy who need transportation.
These are the four IRS rules under which you can get the maximum deduction (the fair market value) of a donated car:
1. When a charity auctions your car for $500 or less, you can claim either the fair market value or $500, whichever is less.
2. When the charity intends to make a "significant intervening use of the vehicle." This means the charity will use the car in its work, such as delivering meals to needy people.
3. When the charity intends to make a "material improvement" to the vehicle, which is "anything that increases the car's value and prolongs its life," Midwood says. "It can't be a minor repair or maintenance; it must be something like fixing the engine or systems that run the car," she says.
4. When the charity gives or sells the vehicle to a needy individual at a price significantly below fair market value, and the gift or sale is part of the charity's mission of helping the needy who need transportation.
Last edited by LxJLthr; May 9, 2014 at 12:24 PM.
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iTrader: (9)
Joined: Sep 2011
Posts: 3,037
From: Los Altos, CA
Car Info: 2002 Impreza RS, 2005 Impreza RS-20K
one option if you know people that are needing parts off it, is to strip it to bare metal and recycle the shell. thats what i did with an 04 WRX wagon that rolled over. parted out stock parts and recycled shell for $50
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Joined: Jan 2014
Posts: 561
From: Nor Cal
Car Info: 93 Impreza LS, 05 WRX Wagon, 98 Impreza Wagon
Sell it to a mechanic. I had a high mileage van that broke down and traded it for car repair services to my other car. My mechanic needed a vehicle to shuttle customers back and forth from his shop to their workplaces. Win-win for both sides.
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