mcdanjw

A friend of mine wrecked his 1996 Mazda 626. The car is not insured with collision coverage.

Estimate to repair the damage came back at $2700.

Kelly Blue Book says the car is worth $2700.


If he doesn't fix this car and decides to get a new one, how can he get the most money possible for the wrecked one? Where can you take it? Who would buy it?

juniorbean

iTrader: (5)

You can bring it to a junkyard... try to part it out.. or even donate it (some organizations take cars in any condition). You could also try throwing it on eBay as a parts car... may fetch a few hundred....

ruvz

Junkyard or scrap metal might be the best option.. I wouldn't spend $$ on fixing it... it will just cause more problems down the road.. toss it out.

anothercls

wait till some dealership raises their prices by 3k and they offer 3k for any car, tow it in and drop it off.

dallison

i have always wondered if you can negotiate them down to blue book then or below

Mr Hyde

Donate it. Alot of places will say its worth alot more than it really is. It doesnt matter to them, they just write out a receipt to you. I think for anything over 5k here in NY, they need someone else to independantly appraise the car, but for anything less, they operate pretty freely.

My cousin totalled his really old Accord a few years ago, and they donated it, and got a receipt for $4995 which his family then wrote off on their taxes. That was much more valuable, and a whole lot less effort for them. They just called a number, and the place came with their own tow truck.

Hobo

yea i donated my 89 volvo which had more problems than you could even know, much less list...

2000$