- Joined
- Apr 26, 2013
- Messages
- 14,435
- Name
- Mack
I've got a 1999 Suburban K1500 LT with about 187K miles on it.
We just bought new tires for it last year (to the tune of over $800, dangit) and the transmission went out. That facilitated some hard thinking and we bought a new car (2015 Honda Accord Hybrid) instead of feeding the repairs and low gas mileage of the Suburban which used to haul around the 6 of us, but lately was mostly just one or two people at a time and we don't go camping anymore.
Love the new car and still can't wrap my head around $25 filling up the tank.
That said, with the transmission down, we've been back and forth on what to do... fix it...don't... and finally we realize we just aren't going to have the funds to fix it. I found a transmission on LKQ and it was about $900. Yeah, that wasn't going to happen.
Which leads me to my question. I was thinking about donating it, but because of my current tax situation (I'm a disabled vet, so my money is tax free... I'm very frugal, we've had to be), I don't have to file tax returns. Well, until this year. The wife is returning to work.
So, we thought about donating the car..., but I realized the interest on our home loan will more than cover what she makes. Which brought up the question of calling a salvage yard.
I've never sold a car. I REALLY don't relish doing it. The car doesn't run (transmission won't let it go into reverse and I don't trust it on the road). The tires are relatively new, but it's been sitting in my driveway for a bit. Tread on 'em is great, dammit. They should be for 80K radials...
Anyone have any ideas how best to handle it? I know that donating a car is one of the top flags for getting audited now and I don't really need the write off, but I'm great giving the car to an actual charity (one where the CEO doesn't take most of the charity's money). I'm also fine going salvage. I just don't have the foggiest idea and I know there are plenty of my Ram brothers out there who are car guys who, hopefully, can give me guidance...
Help me Obi Ram Kenobi... you're my only hope...
We just bought new tires for it last year (to the tune of over $800, dangit) and the transmission went out. That facilitated some hard thinking and we bought a new car (2015 Honda Accord Hybrid) instead of feeding the repairs and low gas mileage of the Suburban which used to haul around the 6 of us, but lately was mostly just one or two people at a time and we don't go camping anymore.
Love the new car and still can't wrap my head around $25 filling up the tank.
That said, with the transmission down, we've been back and forth on what to do... fix it...don't... and finally we realize we just aren't going to have the funds to fix it. I found a transmission on LKQ and it was about $900. Yeah, that wasn't going to happen.
Which leads me to my question. I was thinking about donating it, but because of my current tax situation (I'm a disabled vet, so my money is tax free... I'm very frugal, we've had to be), I don't have to file tax returns. Well, until this year. The wife is returning to work.
So, we thought about donating the car..., but I realized the interest on our home loan will more than cover what she makes. Which brought up the question of calling a salvage yard.
I've never sold a car. I REALLY don't relish doing it. The car doesn't run (transmission won't let it go into reverse and I don't trust it on the road). The tires are relatively new, but it's been sitting in my driveway for a bit. Tread on 'em is great, dammit. They should be for 80K radials...
Anyone have any ideas how best to handle it? I know that donating a car is one of the top flags for getting audited now and I don't really need the write off, but I'm great giving the car to an actual charity (one where the CEO doesn't take most of the charity's money). I'm also fine going salvage. I just don't have the foggiest idea and I know there are plenty of my Ram brothers out there who are car guys who, hopefully, can give me guidance...
Help me Obi Ram Kenobi... you're my only hope...