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I have a 99 Dodge Caravan with about 120,000 miles on it. We have a surplus of vehicles and I would like to sell it. I put a "For Sale" sign on it with a price of $1,500 OBO. Meantime my sister-in-law's car was in the shop, so I let her borrow it for a couple of weeks. It began stalling out a making a grinding noise. My daughters boyfriend says it sounds like a piston. My understanding is that we are talking about a pretty expensive repair here. I do not want to put anymore money into it. Is there a market for a vehicle needing something this expensive? What's the best way for me to sell this for the best money I can get (without being dishonest)?

Answers from the Automotive Experts

Cherie Watters, President of Sales and Marketing at Get out of the car and take whatever you can get. Thank you

Jenny Trostel, Partner at Anderson of Hunt Valley First, I would find out exactly what is wrong with the vehicle. It may be something that is not very expensive. You can decide to fix it and sell it or sell it as is. List the vehicle for sale with a needs work sign. Be honest with the buyer. You may find someone who needs that type of vehicle and can repair it on their own. If the vehicle does not sell, then you might consider giving it to Charity. You will be able to take a tax deduction for the charitable gift and removing it from your insurance will save you money. Good Luck!

Patricia Algier , Owner at Valley Dealer Exchange Inc Get a second opinion on the repairs needed. If they confirm you need a motor rebuild you can sell it cheap on Craigs list with a discalimer maybe a mechanic will buy it offer it to your mechanic.

Shelly LoCascio, Dealer Principal  at Irwin Lincoln Mercury Mazda You may be able to trade it on on another vehicle for some kind of return, other than that you could donate it to a charity and get a tax write off. Knowing what you know...I would not attempt to sell it to anyone without disclosing the problem. One other outlet is ebay. You may fine a mechanic that is not afraid of the problem. Again, even on ebay disclose what*s wrong with the vehicle. You*d be surprised, that won*t scare everyone away.

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