Sell it to a recycling company.
That's right, you can sell them to top junkyard company and they will pay you top dollar for it.
You can write off almost any donation on your taxes. Junk car donation is also something that you can write off.
By law, your deduction is limited to the amount the charity sells the car for, so for a junk car, you're not going to get much of a deduction.
Have you considered raising your deductible on your auto insurance to save money? This is a good way to cut down on insurance costs. Also, make it a habit to go over your policy every year. Make sure you are only paying for what you need. Pull the hose out and wash your car yourself. Not only does this save money, it burns calories too. Make sure you shut the water off when you are not using it, though. Keep only what you need in your car. Don't carry around a lot of junk, because the lighter your car is the less gas you will use on the road.
Sure, if you own the car. That means you do not make any payments to someone else. If you make payments, then you don't "own" the car outright, and the money will generally have to be used to pay for the repair or to pay the car off.
The first thing you need to know is what price the person or the charity you donate the car sale it for. When you know the price you can write it off on you taxes. But if they don't sale the car you should evaluate the Market Value because IRS will evaluate it by Market value.
Owe dying car off money.
Well first off. To spend money, you've gotta make money. Go get a sex change. Get the junk cut off, and get some boobies. Then, legally change your name to Shanaynay. That'll make it believable. Finally, go to the nearest street corner, and flaunt your stuff girl.
If the engine is blown or if the owner just decides that he would make more money off parts than the actual car
Yes, if the parts you are selling aren't damaged you can easily make some money off of them. If the parts are ruined, there are places that buy scrap metal for recycling.
You cant. The loan in your name must be paid off by you. So if you plan to make any money off your car you will want to sell it for more then what is still owed.
Have you considered raising your deductible on your auto insurance to save money? This is a good way to cut down on insurance costs. Also, make it a habit to go over your policy every year. Make sure you are only paying for what you need. Pull the hose out and wash your car yourself. Not only does this save money, it burns calories too. Make sure you shut the water off when you are not using it, though. Keep only what you need in your car. Don't carry around a lot of junk, because the lighter your car is the less gas you will use on the road.
Try to make him pay off his loan or you will have to pay it off cuz you cant register it. I know you can junk or sell a car with a loan on it. So i would take him to cort for fraud.