What to do with vehicles with over 200,000 miles.

[Stampede]

Been trying to sell a couple of cars with over 200,000 miles, and seems no one wants them. My price seems reasonable, but not to many bites, thinking of scrapping the 05 Equinox.

 

Thanks.

[Cordell]

No one wants an 05 Equinox? Lol. Sorry I couldn’t help it.

 

Good car to maybe donate for a tax break.

[2 Sweet]

What's the other car besides the Equinox?

[Not Brian]

[POS VETT]

It's not solely about the mileage, it's mainly due to the fact that it's an Equinox.

[Otis Nice]

What to do with cars over 200K? I just drive them. Shrug.jif

[jerrodh]

Links to the listings would help...

[Stampede]

I thought about the equinox for a tax break, but how much would I get?

 

Thanks.

[supldys]

LS Swap

[Richard Cranium]

I thought about the equinox for a tax break, but how much would I get?

 

Thanks.

 

I assume whatever KBB private party value is you could write off as a donation.

[Gergwheel1647545492]

With the new $12k standard tax deduction you likely would not benefit at all from writing off a car like that, unless you are some how close to the $12k mark for standard deductions

[craig71188]

Unless it has changed (again), if you donate a car, the write off is whatever the charity gets for it. This changed many years ago. I frequented the VOA Auto Auction and they would run 40-60+ cars every week and would run a second mid week auction around tax time due to numerous donations. They would also hold back special interest vehicles for a "best of the best" auction once or twice a year. People could write off NADA value for their deduction. Apparently the government decided they were loosing too much money helping charities and made change to where the charity had to tell you how much they sold the vehicle for and that was your "fair market value" write off.

 

VOA now has an auction every other week with 20-30 vehicles, no "best of the best" and not enough surge in donations for a mid week auction. Check your tax laws, your results may vary....

[unfunnyryan]

get phil to jump it

[zeitgeist57]

It's not solely about the mileage, it's mainly due to the fact that it's an Equinox.

 

+1

[blue98ls1]

Trade in value on a 2wd equinox with 200,000 miles is $825 in good condition. Clean retail is $2900. You will probably get somewhere in the middle. Not much price difference for AWD.

 

Equinox is a very bad word on our car lot. We don't say it often.

[Geeto67]

if someone offers you $825 for a 200K mile equinox, take the money and run.

[PsychoticGaming]

I feel lucky here for some reason... High miles on my 07 very few issues.... (suspension replaced)