Tuesday, July 7, 2009

How much do cars sell for?

Good cars usually sell for between 66% to 96% of their Fair Market Private Sale Value!

We have prepared a table showing many the selling prices for vehicles sold that are in good shape:

Make Model Year Condition Sold at Auction for
Jeep Cherokee '95 Non Op $1150
Honda Accord '94 Fair $2150
Nissan Pathfinder '89 Good $800
Mazda B2200 '89 Fair $450
Audi 100 '92 Fair $1100
VW Jetta '99 Non Op $2750
Chevy Malibu '98 Good $1850
Ford Focus '01 Non Op $2100
Saab 900 '90 Fair $900
Dodge Intrepid '00 Non Op $2900
Honda Civic '91 Fair $625
Honda Civic '95 Non Op $1300
Jeep Wrangler '88 Good $2250
The New Tax Law of 2005 provides many benefits to donors. One of which is that the sale of the vehicle at auction if over $500.00 will be the amount that the donor can deduct on his tax return. Thus if you have a vehicle that is in good shape and running condition it is more likely to sell better at auction and in turn provide you with a higher tax deduction.

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