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Why trade in a car you own?



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thegiver




 
 
    
 

Post Thu, Dec 20 2018, 11:43 am
My car has 5k necessary repairs if I keep it. Is there any value in trading it in for 1k?
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cm




 
 
    
 

Post Thu, Dec 20 2018, 11:47 am
Depends what the options are.

After the repairs, do you anticipate that it still has a reasonable life expectancy? Or is the car wearing out and you can expect many more repairs?

How much would it be worth on the resale market as-is? After repairs?

How much of a tax break could you get for donating it as-is?

How much do you plan to spend if you buy a new car?
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shoshanim999




 
 
    
 

Post Thu, Dec 20 2018, 11:48 am
thegiver wrote:
My car has 5k necessary repairs if I keep it. Is there any value in trading it in for 1k?



You're leaving out a big part of the story. How much will you're car be worth after the 5k repair?
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thegiver




 
 
    
 

Post Thu, Dec 20 2018, 10:38 pm
3.5-5 k
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