Author Topic: Selling a 2003 Cadillac Deville  (Read 2132 times)

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Selling a 2003 Cadillac Deville
« on: December 15, 2011, 11:04:27 AM »
Like new condition (seriously, its that good). 58000 miles. PM me for more details if your interested. Asking $6000

Offline elizmm

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Re: Selling a 2003 Cadillac Deville
« Reply #1 on: December 16, 2011, 04:02:31 AM »
Like new condition (seriously, its that good). 58000 miles. PM me for more details if your interested. Asking $6000
If you looking to donate the car to a chabad organization you may end up making more in tax deductions, PM if interested and i can help you with donating to a chabad organization.

(Blue Book value is $7,313 for excellent condition for the base model..)
« Last Edit: December 16, 2011, 04:05:56 AM by elizmm »
It is all from Hashem and he will continue to give!

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Re: Selling a 2003 Cadillac Deville
« Reply #2 on: December 16, 2011, 10:51:56 AM »
I appreciate the offer! I am selling the car for a family member and will make sure to pass along the message

Offline elikay

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Re: Selling a 2003 Cadillac Deville
« Reply #3 on: December 16, 2011, 11:51:51 AM »
CMIIW but I think that they no longer allow you to claim the full value as a tax deductible donation, only the actual sale price that the charity gets when they sell the car.

Offline elizmm

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Re: Selling a 2003 Cadillac Deville
« Reply #4 on: December 16, 2011, 12:02:39 PM »
CMIIW but I think that they no longer allow you to claim the full value as a tax deductible donation, only the actual sale price that the charity gets when they sell the car.
That is only if the charity resells the car, if the car is being used by the charity then you can claim the full market value.

See here: http://www.foxbusiness.com/personal-finance/2011/12/14/irs-and-insurance-rules-for-charitable-car-donations/


2. Doing the math on your deduction
For cars that will simply be sold for cash, you are allowed to deduct only the charity's sales price of the car--not the vehicle's market value. Your deduction is further limited by your marginal tax rate. For example, assume a charity sold a vehicle you donated for $3,000. If you were in the 28% tax bracket, your deduction would be capped at $840.
But you can deduct the full market value of vehicles that will be used on an ongoing basis by a charity for things like deliveries. So if you give away a car that will be used by the charity, and it has a fair market value of $5,000, your deduction will be $1,400, assuming a 28% tax bracket.
Regardless of how the car is to be used, be sure to get a receipt from the charity. If the charity sells your donated vehicle, it is required by law to send you a notice of the sale within 30 days advising you of the car's sales price.


It is all from Hashem and he will continue to give!

Offline ruru1000

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Re: Selling a 2003 Cadillac Deville
« Reply #5 on: December 16, 2011, 02:56:56 PM »
Like new condition (seriously, its that good). 58000 miles. PM me for more details if your interested. Asking $6000

Can you get me pictures of the car and the location of the car? Also how flexible are you on the price?

Offline joed25

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Re: Selling a 2003 Cadillac Deville
« Reply #6 on: December 22, 2011, 11:30:33 PM »
Id like to see some pics also

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Re: Selling a 2003 Cadillac Deville
« Reply #7 on: December 23, 2011, 12:13:02 PM »
here is a link to the craigslit add with pictures. let me know if you have any questions
https://post.craigslist.org/k/mIyQTIkt4RGYEwqt0OPLhA/l3GZH?s=preview