I need the fair market value of a 2000 chevy cavilier Z24-LX 80000 thousand miles for the year 2007


Asked by ltownsend2808 Apr 25, 2012 at 03:38 PM about the 2000 Chevrolet Cavalier Z24 Coupe

Question type: General

I need this information for the IRS/ Our cavilier was repoed in 2007 and sold in 2010 by wells fargo and it was
added as income on our taxes. so we have to get a quote on what this car was worth fair market value in 2007
when it was repoed/ any information would be greatly appreciated.

2 Answers

Tom Demyan

I'd guess about $8000.


What is your deficiency balance? This is the difference in what you owe to what the bank sold the vehicle for. This is the amount you owe and is considered income. You will be hard pressed to change this amount even with an attorney. The FTC gives banks a lot of latitude in the numbers here.

Your Answer

Add photo

Related Questions

Search Chevrolet Cavalier Questions

Chevrolet Cavalier Experts

#1 John Saffrahn
John Saffrahn
Reputation 2,190
#2 dandyoun
Reputation 1,020
#3 mbar1
Reputation 850
View All

Related Models For Sale

Used Honda Civic"
800 Great Deals out of 56,954 listings starting at $999
Used Chevrolet Camaro"
450 Great Deals out of 26,425 listings starting at $2,950
Used Ford Focus"
1,134 Great Deals out of 72,374 listings starting at $1,300
Used Honda Accord"
891 Great Deals out of 73,570 listings starting at $1,000
Used Chevrolet Malibu"
1,064 Great Deals out of 56,821 listings starting at $1,500
Used Toyota Corolla"
1,033 Great Deals out of 70,301 listings starting at $2,000
Used Chevrolet Impala"
1,443 Great Deals out of 45,353 listings starting at $170
Used Ford Mustang"
653 Great Deals out of 42,120 listings starting at $1,500
Used Nissan Altima"
1,086 Great Deals out of 80,598 listings starting at $1,500
Used Pontiac Sunfire"
596 listings starting at $1,500
Used Honda Civic Coupe"
276 Great Deals out of 10,181 listings starting at $900
Used Mitsubishi Eclipse"
49 Great Deals out of 1,802 listings starting at $2,700