Should I trade in or sell car with 240,000 miles on it? (windshield, best)

[lenny2412]

It runs okay but has several cosmetic issues (windshield cracked, issue with CD player ejecting CD's, and a few dash lights randomly turn on at times for no reason). Its blue book trade in value is approx $450. One dealer offered me $500 (but they didn't really look at it), another offered $200 (they did look at it). Realistically I probably won't get over $300 or $400 for it. Hate to unload a car that still runs for only a few hundred but have gotten my money's worth out of it. I have thought about selling to a relative (younger cousin who is starting to drive or uncle that does car work on the side) but then wonder if there wouldn't be problems if I were to sell them the car and something broke. There is the option to keep it and use it as a backup since it does run okay (for now anyway). What would you do?

[Miss Hepburn]

At that point I would give it away or for $50...and have a great dinner with it.
I'm not kidding...give it.

[Shutout]

I would give it to your cousin, not sell it to them.

If you really want "money" from it, trade it in, but the dealerships will just charge you that amount more for your new car.

[louie0406]

Donate it. Should be good for a $500 tax deduction.

[V8 Vega]

I think junkyards will give you 350 or 400 for it if you bring it in.

[lenny2412]

Originally Posted by V8 Vega

I think junkyards will give you 350 or 400 for it if you bring it in.

I'd hate to junk it since it still runs okay.

[lenny2412]

Originally Posted by louie0406

Donate it. Should be good for a $500 tax deduction.

Do you get a tax deduction if you donate it to an individual instead of an organization?

[lenny2412]

Originally Posted by Shutout

If you really want "money" from it, trade it in, but the dealerships will just charge you that amount more for your new car.

That's what I was thinking, I had one dealership tell me they didn't want the car lol.

[lenny2412]

Originally Posted by Miss Hepburn

At that point I would give it away or for $50...and have a great dinner with it.
I'm not kidding...give it.

Yeah giving it away might be best. If I were to sell it to a friend/relatives (even if cheap) and something happened to break in the near future then that could be an awkward situation. And selling it on Craigslist would be a PITA

[louie0406]

Originally Posted by lenny2412

Do you get a tax deduction if you donate it to an individual instead of an organization?

No. There's organizations such as karsforkids.org that will come buy and pick it up. No deduction for giving it to any random person.