I have a car that I purchased for $6k. It drives fine, but needs a new computer, which will cost $2.8k. The diagnosis already cost $400. Given that doing this repair will be 46% of the car value, I am trying to consider ways to reclaim value for the car. The car is valued by KBB at $4k. Doing the repair only raises the value (good to excellent) to $4.9k

What options do I have to regain the value of the vehicle? Tax deduction, sale, etc.

  • 1
    Cars diminish in value through depreciation. There is no tax deductions for those losses in the US, and likely worldwide. Your is just more rapid because of the failure of a broken part. Something similar would happen if your AC quit in most climates. – Pete B. Jul 17 '18 at 19:11
  • Using the car to earn money is about the best way to feel better about vehicle expenses. – Hart CO Jul 17 '18 at 19:12
  • If it drives fine, then why does it need a new computer? – Glen Yates Jul 17 '18 at 22:59
  • @GlenYates to pass a smog test – aidan.plenert.macdonald Jul 17 '18 at 23:25
  • If you can sell the car for $4k, just sell it then buy another in excellent condition for $4.9k. This will cost $900 instead of $2.8k. – Gabriel Diego Jul 18 '18 at 1:08

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