I have some friends - two parents and their children - who are getting ready to move away in about 4 days. They have a problem, and I'm hoping you all can brainstorm with me on how to solve this.
We live in Hawaii. They are moving to the mainland. They have two cars. They calculated the cost of shipping the cars, and decided it would be better financially to sell them here and buy new cars over there. However, they have not been able to sell the cars. They have tried for many months. Today they went to the car dealers as a last resort and no one wanted them! What can they do about these two cars?
They have thought about asking a friend to keep them and sell them whenever the friend could, giving their friend a "finder's fee" for doing so.
I suggested perhaps donating the cars to a charity to at least gain a tax write-off. But I don't know how well that would work for them. It seems it will work best if a family has a large income and is trying to shield income from taxes. But they don't have a huge income, and last year they didn't have to pay anything anyway.
Does anyone have any good suggestions for them? I hate to see them lose money on these cars.
Thanks!
We live in Hawaii. They are moving to the mainland. They have two cars. They calculated the cost of shipping the cars, and decided it would be better financially to sell them here and buy new cars over there. However, they have not been able to sell the cars. They have tried for many months. Today they went to the car dealers as a last resort and no one wanted them! What can they do about these two cars?
They have thought about asking a friend to keep them and sell them whenever the friend could, giving their friend a "finder's fee" for doing so.
I suggested perhaps donating the cars to a charity to at least gain a tax write-off. But I don't know how well that would work for them. It seems it will work best if a family has a large income and is trying to shield income from taxes. But they don't have a huge income, and last year they didn't have to pay anything anyway.
Does anyone have any good suggestions for them? I hate to see them lose money on these cars.
Thanks!









