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#4436557 - 06/20/17 09:05 AM What Would You Do With A $100 Car?
macarose Offline


Registered: 01/25/09
Posts: 407
Loc: Georgia
It's a question that at least a few of us will be experiencing in the next several years to come. I decided to write about it.

http://www.thedrive.com/the-hammer/11625/what-would-you-do-with-a-100-car


I'm not sure if I'll have the time to upgrade it by getting leather seats or replacing that front end. But at least it's far away from the scrap heap for the time being.

All the best!

Steven Lang

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#4436563 - 06/20/17 09:13 AM Re: What Would You Do With A $100 Car? [Re: macarose]
supton Offline


Registered: 11/09/08
Posts: 12004
Loc: NH
Offer it to eljefino to see if he'll do a roadtrip?

Me, I guess it depends. Right now I have another 4 years until I have another driver in the family. But I do have friends with kids coming into that driving age. If I had no use, I'd be tempted to pass along.
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2011 Toyota Camry, base, 2.5L/6MT, 162k, hers
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1999 Toyota Camry LE, 2.2L/4AT, 183k, his

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#4436575 - 06/20/17 09:34 AM Re: What Would You Do With A $100 Car? [Re: macarose]
bubbatime Offline


Registered: 03/18/08
Posts: 5628
Loc: South Florida
Flip it for $500
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#4436587 - 06/20/17 09:54 AM Re: What Would You Do With A $100 Car? [Re: macarose]
Dyusik Offline


Registered: 09/26/14
Posts: 1984
Loc: US-WA
If no selling it for profit, this:


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95 Cherokee 190K DELO 10W30,XG8
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#4436594 - 06/20/17 10:07 AM Re: What Would You Do With A $100 Car? [Re: macarose]
bullwinkle Offline


Registered: 10/09/04
Posts: 7673
Loc: Cincinnati, OH, USA
That's better than most of the old Saturns around here-sell it to your FB buddy for $1K & go get another one! Only problem I see is the HP-sucking A/T, which is actually a good thing for resale,
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#4436607 - 06/20/17 10:14 AM Re: What Would You Do With A $100 Car? [Re: macarose]
wag123 Offline


Registered: 06/14/11
Posts: 888
Loc: Texas
Donate it to charity and take an income tax deduction for book value.

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#4436613 - 06/20/17 10:20 AM Re: What Would You Do With A $100 Car? [Re: macarose]
Virtus_Probi Offline


Registered: 06/25/15
Posts: 3970
Loc: New England
Originally Posted By: macarose
It's a question that at least a few of us will be experiencing in the next several years to come. I decided to write about it.

http://www.thedrive.com/the-hammer/11625/what-would-you-do-with-a-100-car


I'm not sure if I'll have the time to upgrade it by getting leather seats or replacing that front end. But at least it's far away from the scrap heap for the time being.

All the best!

Steven Lang


Did you play Pickett in "Gettysburg"??
If so, you gave an outstanding performance.
_________________________
2014 Forester XT, 80500 miles
Last Change;
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#4436627 - 06/20/17 10:32 AM Re: What Would You Do With A $100 Car? [Re: macarose]
HerrStig Offline


Registered: 08/24/11
Posts: 9560
Loc: Boston, MA
Put an OCOD on it.

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#4436628 - 06/20/17 10:32 AM Re: What Would You Do With A $100 Car? [Re: macarose]
A_Harman Offline


Registered: 10/01/10
Posts: 6921
Loc: Michigan
Part it out. The parts separately will bring more money than the whole car.
Or put it on a trailer, drain the fluids, and take it to a steel recycling yard, and sell it by the pound.


Edited by A_Harman (06/20/17 10:33 AM)
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#4436632 - 06/20/17 10:38 AM Re: What Would You Do With A $100 Car? [Re: wag123]
Leo99 Offline


Registered: 03/30/14
Posts: 3052
Loc: NJ
Originally Posted By: wag123
Donate it to charity and take an income tax deduction for book value.


Did they change the law again? I donated a car about 12 years ago and I got a letter in the mail stating what they auctioned if off for. No book value.
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#4436654 - 06/20/17 11:00 AM Re: What Would You Do With A $100 Car? [Re: Leo99]
dlayman Offline


Registered: 12/21/14
Posts: 850
Loc: pennsylvania, usa
Originally Posted By: Leo99
Originally Posted By: wag123
Donate it to charity and take an income tax deduction for book value.


Did they change the law again? I donated a car about 12 years ago and I got a letter in the mail stating what they auctioned if off for. No book value.



I think it depends on what is done with the car after you donate it. If it used for, say, transportation of elderly people to their doctor appointments, I think you get book value. If the car is auctioned or sold off, you get what the sale price was.

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#4436656 - 06/20/17 11:01 AM Re: What Would You Do With A $100 Car? [Re: macarose]
Claud Offline


Registered: 02/11/14
Posts: 593
Loc: Margate England
Drive it until it has a major component failure. You won't get cut up in traffic, nobody will steal it, and it's running costs won't include repayments. smile

Claud.

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#4436660 - 06/20/17 11:04 AM Re: What Would You Do With A $100 Car? [Re: Leo99]
exranger06 Offline


Registered: 01/25/08
Posts: 3911
Loc: Guilford, CT
Originally Posted By: Leo99
Originally Posted By: wag123
Donate it to charity and take an income tax deduction for book value.


Did they change the law again? I donated a car about 12 years ago and I got a letter in the mail stating what they auctioned if off for. No book value.

Yeah, you don't get a tax deduction for book value anymore. If the car sells for $100 at the auction, your tax deduction is based off the $100, not the book value.

As for what I'd do with it, I'd sell it for profit, maybe fix it a little first to increase profit. Not sure I'd bother with parting it out. I'm parting out a car right now and it's more work than I thought.
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#4436662 - 06/20/17 11:06 AM Re: What Would You Do With A $100 Car? [Re: macarose]
Nissan101 Offline


Registered: 08/13/15
Posts: 415
Loc: Caribbean
Honestly i will use it to go to work.
Only maintenance i will do, will be oil and ATF.
Straight water in the radiator if it start leaking.
Heat Core delete if running straight water.

And yea a work car to take all the poor quality roads i face laugh
Tires, i wont mind buying new tires. If the car dies i will just put it on another.
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#4436674 - 06/20/17 11:23 AM Re: What Would You Do With A $100 Car? [Re: Claud]
Bgallagher Offline


Registered: 04/17/12
Posts: 3159
Loc: Boston, MA
Originally Posted By: Claud
Drive it until it has a major component failure. You won't get cut up in traffic, nobody will steal it, and it's running costs won't include repayments. smile

Claud.


+1
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