Working 2000 Toyota Camry Scrapping Options

s0805 on 14/02/2018 - 11:38

Hi all,

We got car 2000 Toyota Camry. Family member was using it till now but rego will come up for renewal soon and we don’t see need for it….It is still working fine, it had new battery and 4 brand new tyres (hardly done 5000 km on it). We had accident last year where we got hit from behind. Due to accident boot cannot be open. Car is in Vic and still has valid Rego…

It has done about ~135k travel in total. My understanding is if boot cannot be open it will be unable to get RWC certificate hence cannot be resold. I am not sure how much we gona get out it by scrapping it…. I was thinking to at least salvage semi-new tyres and battery but wonder if it affects the scrapping price….is there anything else we can salvage…..wat’s the best way to get most value out of this….any recommended scrappers in Vic please…

Cheers

Automotive

Comments

  • dasher86 on 14/02/2018 - 11:41

    I'd had in rego plates.
    Then sell on ebay as is.

    • s0805 on 14/02/2018 - 11:49

      you mean sell on ebay as damaged…..

      • dasher86 on 14/02/2018 - 11:49

        yes. state a such.
        Let the buyer deal with what they want to do with it - repair / scrap.

  • dcep on 14/02/2018 - 12:31

    scrap w/ tow = 200

    drive to trader w/ rego = 400

    private sale advertise as working w/ rego but selling without rego/rwc = 1000

    pry open boot lid, fix lock, get rwc for private sales w/ full rego = 2000

    • s0805 on 14/02/2018 - 12:47

      "private sale advertise as working w/ rego but selling without rego/rwc = 1000". This looks reasonable i think. I prefer not to take chance with RWC as if that doesn't come through then creates issue. Just wondering should i call few scrappers to get some quotes and how should i have it posted as private sale (few weeks) to see if genuine buyer exists?

      • dcep on 14/02/2018 - 13:05

        gumtree if you want it free

        expect low balls , so don't list at 1k if you're expecting 1k

        expect test drives , exercise caution with strangers

        • s0805 on 14/02/2018 - 13:45

          so if i am expecing 1k, list at lower or higher than 1k. I understand they will negotiate but rather advertise with knowing the variation…

        • Euphemistic on 14/02/2018 - 14:24

          @s0805: the typical gumtree offer will be 50% or less than what you are asking, but listing a damaged camry for $2k wont get many responses.

        • s0805 on 14/02/2018 - 14:32

          @Euphemistic: sure….the undamaged ones with 200k on board are listed for 2k. do u think putting this one for 1k sound reasonable?

        • Euphemistic on 14/02/2018 - 14:38

          @s0805: I don't know the condition of yours and can't assess the damage, but why not start with $1200 and hope for $1k - assuming the boot repair is possible on the cheap. I would think it would need to be possible to get a RWC cheaply to get over $1k.

        • s0805 on 14/02/2018 - 14:40

          @Euphemistic: many thanks. that sounds like reasonable approach.

  • Randxyz123 on 14/02/2018 - 13:10

    Why don’t you get the boot repaired? Presumably it wasn’t your fault so you shouldn’t be paying for repairs…

    • s0805 on 14/02/2018 - 13:39

      I've had one of my mate (who used to work for RACV) looked at that and advised it won't be fixed. As part of insurance process, repair cost identified by insurer's mechanic was too high than value of car so they decided to pay me off….don't think fixing boot will be economical.

      • Randxyz123 on 14/02/2018 - 14:38

        Your mate said it’ll be a write off or your actual insurance provider did?

        • s0805 on 14/02/2018 - 14:45

          Mate just checked it from boot point of view. He suggested its not going to be possible as entire frame underneath has moved or something…..Insurer said it will be write off so didn't bother repairing.

  • Densor on 14/02/2018 - 13:13
    +1

    Donate it to Kids Under Cover without rego. They will auction it off and use the money. It's a tax deductable donation and a great cause. They send you out a receipt that you can claim on your tax.

    • s0805 on 14/02/2018 - 13:43

      that's good option.I wonder will they take this knowing this is damaged & mostly cannot be sold with RWC. i mean don't want do disservice to them.

      • runtoparadise on 14/02/2018 - 15:02

        I did this for my ol' Camry/Vienta. It just goes straight to auction no hassle for them, was super easy to do. I would recommend to give it a wash and a clean first so the charity gets max $ from your donation at auction (although not necessary just a nice thing to do).

        • kiitos on 15/02/2018 - 08:01

          Sound like a good scheme, is the receipt you get for the price it was auctioned for? Or an estimate?

        • Densor on 15/02/2018 - 12:08

          @kiitos: The receipt is the the sale price at Auction.

    • jacross on 15/02/2018 - 09:31

      I believe that if its valued under $5k it's not deductible.

      • Densor on 15/02/2018 - 12:07

        No such limit that I've experienced. I donated a Tarago a few years ago with a blown head gasket that was worth <$1000 and they sent me the receipt for the sale. I just donated a pop top campervan before Christmas and they have already sent me the receipt for $800. All tax deductable.

        There might be an upper limit but I've never been that generous.

        • jacross on 16/02/2018 - 17:15

          https://www.ato.gov.au/Non-profit/Gifts-and-fundraising/Clai…

          Unless you purchased it within 12 months it seems like it wouldn't be tax deductible. The Kids Under Cover website also mentiones the $5K threshold.

          I'd be very interested if you did your diligence and are quite certain your tax advice is correct as I'd be highly likely to utilise this service.

        • Densor on 16/02/2018 - 19:19

          @jacross: Worthwhile reading their faqs. The above $5000 refers to a social category where you think your vehicle is worth more than an auction may get.

          "If you think your vehicle is worth more than $5,000 you are eligible for a valuation by the Australian Taxation Office (ATO), based on the current market value. Your tax deductible receipt will be based on the ATO valuation amount. READ MORE or give us a call for more information."

          There is also a fee payable to the ATO for this valuation.

          I'll just stick with the result of the auction and claim that.

          Edit : Sorry jacross. I only just read the ATO link. That is really strange. It contradicts everything KUC have been advertising for years. There must be a difference or special exemption. Any tax specialists in the house ?

        • jacross on 17/02/2018 - 11:13

          @Densor:

          After some more thought, the only way i can see around it is if legally theyve arranged it so that you arent donating 'the car to them, but the 'proceeds of sale'.

          So they (and mannheim) act as pro bono facilitators for sale.

          Its an interesting tax question. I havent studied tax law in some years but it seems feasible.

        • Densor on 17/02/2018 - 17:01

          @jacross:

          I was thinking the same. There is no paper work. The tow truck operator donates his time. Mannheim donate the auction process. The vehicle has to be unregistered so there is no registration transfer to anyone.

          All very smooth. Just a receipt for donating $XXX.

  • yoonibear on 14/02/2018 - 14:08

    Tyres, battery, or if you can, remove the doors and sell it off gumtree or if that's too much trouble sell as is on gumtree or local classifieds.

    As it only has 135k on the clock, I think there might be a few people who are willing to fix the boot and get a new RWC

    • s0805 on 14/02/2018 - 14:10

      i am also hoping low km's will attract few…

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