that has 192,000 miles on it? It needs a new muffler. It’s had a brake job done in the last two years. It runs really well, but not surprisingly I’m getting a new one.
My questions are:
Do I have any chance of selling it?
If so, do I sell it to a dealer or put a FOR SALE sign on it?
If I can’t sell it, can I donate it to charity? Can I write it off? How?
NADA for NY on that car is about $1,7000 (they stop deducting for mileage after the car is about 8 years old). If the car runs well and you can document that you’ve addressed some potential issues like timing belt replacement & transmission maintenance There’s really no reason you couldn’t get a bite for $1,200 - $1,400 depending on how hard those 192,000 miles have been on the appearance of the car.
Reliable basic transportation is normally $1,000 A well-maintained Toyota definitely qualifies as reliable.
spend $100 and get the muffler fixed. Otherwise any maintenance you try to document will be viewed with suspicion by a buyer–they’ll pay attention to the deficiency and take that as indicative of the overall condition of the car.
I know that Carmax will buy pretty much anything that runs, if there’s a location near you. They’ll pay less than what you could probably get selling it yourself, but you don’t have to deal with a bunch of scammers or have to wait a couple weeks to attract a buyer and get paid.
A '90 Toyota that runs well is far from a piece of junk. It’s definitely salable. 192,000 miles isn’t a huge detriment, many of them will last far beyond that.
Selling it privately vs. selling to dealer/trading in is a choice between time and money. Sell it privately, you’ll get more, but you’ll spend more time and trouble making that happen. Selling/trading to a dealer is comparatively quick and easy, but usually at a substantial price difference. You pick.
Being in the business, I can guarantee you a better chance of selling your car through AutoTrader.com. If you do decide to list online, they are the 800-pound gorilla, in terms of eyeballs that may see your car.
hell i would buy it two of the most reliable cars i have ever seen running were corollas. those are tough little buggers. put a sign on it first, there are a lot of people out there that know the reliability of these cars and would give you around that easily.
Just a shot in the dark, but is it a Corolla GTS? If it is (twin-cam, rear wheel drive version), you won’t have any trouble selling it at all. Those are in high demand these days – especially the hatchbacks. Look around to see what they’re selling for. You might be surprised.
The Salvation Army is always looking for reliable cars. You get the full tax write-off while Salvation Army sells them at discount to people who really, really need them–folks who would think a 1990 Corolla is a major step UP.
I don’t believe the 1990 model is the corolla GTS hachiroku everyone wants. I believe those are the 1985-1987(8). Do some research I guess. the 85-87’s can got for several thousand easily.
If you want to donate it to charity that’s fine, but you’d far from ‘have to’.
A Toyota Corolla is like a freakin’ Honda Civic or a Nissan Sentra. They are incredibly reliable cars and very easy to sell. And if it looks good for its age you’ll have people fighting over it!