 Anyone try donating a 914?, Too many cars... |
|
|
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
|
| worktheweb |
  Dec 14 2004, 10:59 AM
Post
#1
|
|
Newbie  Group: Members Posts: 15 Joined: 18-May 04 From: Springfield, VA Member No.: 2,079  |
(IMG:style_emoticons/default/wacko.gif)
My wife and I have decided that living in Northern VA with 5 cars and 1 cycle is costing us too damn much. Those of you fellow NoVAns can appreciate personal property tax and insurance and such. Anyway I have to lose 3 cars soon and the 914 is one of the three. I'm wondering if anyone has tried donating a 914 to Purple Heart or one of the other charitable organizations. If so, how do you value the car? NADA lists 3 prices for a 1973 2.0 914: $2,925 (low retail), $4,150 (average retail), and $5,400 (high retail). I know that after 2004 the IRS is reworking the auto deduction laws so this is the last year to get a favorable deduction. I'm looking at deducting it vs. selling it just for expediancy. However if someone wants to buy it here's the specs; 1973 2.0L w/~78K miles fiberglass flares new Kumho tires new brakes (19mm MC, front calipers, all hoses, all pads, rebuilt rears, new parking brake cables) rebuilt Dellorto 45s recent tuneup (runs good but needs something other than the 009 distributor that's on it) new CB performance fuel pump and pressure regulator SS heat exchangers center console POR15'd floor panels bad white paint job brown interior currently stacked on car except for door panels which are installed! rust around windshield other stuff as I remember I need to get $3K for it which means I eat about $3K in parts/repair costs but I get rid of it. You other 914 owners know the drill on that one... I found a picture from 2001 but I'll post something newer after I get home if anyone is interested. |
   |
 
|
  |
Replies
| STL914 |
Dec 14 2004, 05:13 PM
Post
#2
|
|
Senior Member Group: Members Posts: 1,195 Joined: 22-October 03 From: O'Fallon, MO Member No.: 1,271 Region Association: Upper MidWest |
I've donated several cars, no 914s, in the past, and always listed the Blue Book value on my tax returns. This saved me the hassle of trying to either sell the car or pay someone to take it off my hands and at the same time privided something of value to the chosen charity.
If you decide to donate your car at the BB value, please keep in mind, that this not a tax credit, but a tax reduction based on your taxable rate. You may see about $1000 from a $4000 donation based on a 25% tax rate. The sad thing about donating a 914 is not knowing how it will end up. |
|
|
|
Posts in this topic
worktheweb Anyone try donating a 914? Dec 14 2004, 10:59 AM
nebreitling looks like a nice ride -- please try selling it to... Dec 14 2004, 02:18 PM ! Do a quick and dirty no reserve sale on ebay..... Dec 14 2004, 02:54 PM scooter311 Geez really sounds like something I'd be into ... Dec 14 2004, 03:39 PM vsg914 The only way to get the max charity deduction is t... Dec 14 2004, 06:18 PM DJsRepS Donate money keep the car or off it to a younger f... Dec 16 2004, 04:58 AM mharrison You have an e-mail.....
I sent one requesting mor... Dec 16 2004, 07:42 AM JmuRiz I would say try and sell the car, if you donate it... Dec 16 2004, 09:18 AM skline JmuRiz yep, i was hoping he'd end up parting the car ... Dec 16 2004, 10:09 AM Rhodes71/914 Here is my take on donating a 914....
I bought m... Dec 16 2004, 11:16 AM
porsche914blue I used to live in Springfield but moved to Manassa... Dec 16 2004, 01:53 PM |
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
|
Lo-Fi Version | Time is now: 1st July 2025 - 01:53 PM |
Invision Power Board
v9.1.4 © 2025 IPS, Inc.