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

Asked by 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

227,845

I'd guess about $8000.

12,635

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 2,820
#2 dandyoun
dandyoun
Reputation 1,260
#3 mbar1
mbar1
Reputation 1,160
View All

Related Models For Sale

Used Chevrolet Malibu
811 Great Deals out of 88,339 listings starting at $1,900
Used Honda Civic
526 Great Deals out of 80,278 listings starting at $558
Used Chevrolet Impala
619 Great Deals out of 29,141 listings starting at $789
Used Chevrolet Camaro
150 Great Deals out of 35,530 listings starting at $1,995
Used Ford Focus
542 Great Deals out of 55,419 listings starting at $700
Used Honda Accord
696 Great Deals out of 81,055 listings starting at $1,200
Used Toyota Corolla
730 Great Deals out of 74,070 listings starting at $1,500
Used Pontiac Sunfire
359 listings
Used Toyota Camry
892 Great Deals out of 90,904 listings starting at $1,300
Used Nissan Sentra
431 Great Deals out of 52,764 listings starting at $1,600
Used Ford Mustang
310 Great Deals out of 45,194 listings starting at $2,000
Used Nissan Altima
774 Great Deals out of 77,373 listings starting at $470