Quote:
Originally Posted by Chocaholic
I'd donate it and take the deduction. No hassle what-so-ever. You've clearly gotten your money's worth out of the car. A nice "blue-book" tax deduction (retail, of course) will feel good come April 15th.
What kind of people will you have to your home to show your broken SUV that must be towed away? No brainer for me....donate. Your call, of course.
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This is outdated information. You now generally can only deduct what the charity sells the car for at auction. So, that's a tax deduction on the "as is" value, which can easily be received by selling it privately.
That said, a charity still has the "no hassle" advantage.
I would definitely not fix it - the rest of the driveline has 250k miles as well and you will have to continue to fix it.
G