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)?
Get out of the car and take whatever you can get. Thank you
〉 Answered on Dec 10th, 2009 by Cherie Watters, President of Sales and Marketing at AskPatty.com
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!
〉 Answered on Nov 13th, 2009 by Jenny Trostel, Partner at Anderson of Hunt Valley
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.
〉 Answered on Nov 16th, 2009 by Patricia Algier , Owner at Valley Dealer Exchange Inc
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.
〉 Answered on Nov 13th, 2009 by Shelly LoCascio, Dealer Principal at Irwin Lincoln Mercury Mazda