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Joined: Feb 2003
Posts: 4,220
Hard-core CEG\'er
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Hard-core CEG\'er
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For a car to retain over 1/3 of it's value after 5 years really ain't too shabby for a domestic. He could probably push it up to almost a $10,000 deduction.
2003 Mazda6s 3.0L MTX
Webpage
2004 Mazda3s 2.3L ATX
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Joined: May 2002
Posts: 21,653
I have no life
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I have no life
Joined: May 2002
Posts: 21,653 |
Originally posted by Escort1991: They have better resale than normal Contours.
Not really. Resale is in relation to the price they sold for when new, and SVTs sold for a good bit more new than other contours. Used, they only sell for a little bit more than other contours (if they even sell).
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
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Joined: Aug 2000
Posts: 3,193
Hard-core CEG\'er
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OP
Hard-core CEG\'er
Joined: Aug 2000
Posts: 3,193 |
And the resale value is completely theoretical on extremely high mileage late model cars. Noone would buy the car for NEAR what the book says its worth.
EDIT... I actually have to have an appraisal to claim more than $5000 and the most I can see it able to claim is in the low $6's by book (edmunds,kelly,NADA)
Brad "Diva": 2004 Mazda 6s 5-door, Volcanic Red
Rex: 1988 Mazda RX-7 Vert, Harbor Blue.
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Joined: Feb 2002
Posts: 3,840
Hard-core CEG\'er
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Hard-core CEG\'er
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I've always had a little odd thing about naming your cars, but to just throw them away in such a manner is a real disgrace. For a simple 3 hour job, that...er...Ross could be running all over again. That's far easier than going through the hassle of donating to charity, because that's not as simple a task as you may think. Besides, we always complain that nobody helps one another on here so this is an opportunity for you to make a step in the better direction.
Troll. 1997 VW Jetta MkIII GLS 5spd
All hail my appearance on CEG!
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Joined: Jun 2000
Posts: 1,905
Master P
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Master P
Joined: Jun 2000
Posts: 1,905 |
Originally posted by SAV-ZX2: That's far easier than going through the hassle of donating to charity, because that's not as simple a task as you may think.
I dunno.. we donated an Escort station wagon a few years ago. Mom called the charity, they brought a tow truck, she signed the title over, they gave a reciept. It was probably easier than dealing with an individual. She actually had been contacted by a homeless guy that wanted to buy it so he could live in it, but she was afraid of liability problems since it needed new brakes and tires. The charity seemed like less of a hassle.
When it's time for my car to go, I'll probably donate it to a charity organization too. I'd do much better with the tax write off than trying to sell it.
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Joined: Feb 2002
Posts: 3,840
Hard-core CEG\'er
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Hard-core CEG\'er
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I'm not saying it's a hassle for all, but my personal experience with donating my first set of wheels (a 1987 Toyota Corolla FX16) didn't go so well. I ended up selling it to my neighbor for $325 and he blew the headgasket 2 weeks later, after I had it pretty much trouble free for a year. It had 220,400 miles on it when I gave it up and he blew it with 220,454.
Off topic though, I'm just saying not all organisations are a hassle, just the personal one I dealt with.
Troll. 1997 VW Jetta MkIII GLS 5spd
All hail my appearance on CEG!
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Joined: Jun 2001
Posts: 2,166
Hard-core CEG\'er
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Hard-core CEG\'er
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Be sure to do your research before donating the car. There are a bunch of For-Profit 3rd party agencies out there. Be sure to look into the agency before you just hand over the keys. http://www.give.org/tips/usedcar.asp
- Zack
WANTED: T-Red HEATED Side Mirrors
FOR SALE: 4 14" Alum Alloys and Nearly New Avid H4s Tires w/ Center Caps
2000 T-Red SVT
1995 LX V6 MTX (RIP)
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Joined: Sep 2002
Posts: 4,294
Hard-core CEG'er
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Hard-core CEG'er
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you think it will miss front/rear bumpers, and side skirts, along with the rear seats?
95 SES Sold
99 SE Sport Sold
99 SVT T-Red Tan Interior. K&N, Magnecors, 19' Theorys, And some audio stuff.
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Joined: Feb 2003
Posts: 4,220
Hard-core CEG\'er
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Hard-core CEG\'er
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Quote:
EDIT... I actually have to have an appraisal to claim more than $5000 and the most I can see it able to claim is in the low $6's by book (edmunds,kelly,NADA)
Good to know, I never knew that. You've always got some good financial tips/knowledge.
2003 Mazda6s 3.0L MTX
Webpage
2004 Mazda3s 2.3L ATX
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Joined: Aug 2000
Posts: 4,713
Hard-core CEG'er
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Hard-core CEG'er
Joined: Aug 2000
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RIP Ross. I'll remember the sweet exhaust tone I heard coming from him when you pulled up to the restaurant in Denver. IIRC, even your mother liked the exhaust tone. At least you've got a worthy replacement.
Derek
Scion xB 5-spd
Previous: 2000 Silver Frost SVT
Please share the road with cyclists.
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