<prompt> Human: 2003 Saturn Vue V6 AWD. 150,000 miles. Its a running car, but it has a lot of issues. I already ordered a new car, and am wondering if I should trade it in, or donate it?Im trying to find out what would be the best financial decision. I feel that selling it private party would be difficult since its loaded with problems. Even figuring out how to turn the key to get it to start takes some finesse :P. Its still my daily driver for now, and I have a backup car if it dies. But I mean, it goes 20 miles highway every day.Thank you for stopping by.  <response>: Car donations give you a tax deduction, not a tax credit. A deduction reduces the amount of income you are taxed on; a tax credit reduces the amount of taxes you owe. The value of the tax deduction will usually depend on how much the charity can sell the car for. If they can get 1000 for it, then your gain in simple terms is 1000 x tax rate. You want to find out if this benefit is more or less than 500. However, you will have to itemize your tax deductions instead of taking the standard deduction. If you are not already itemizing, its pretty safe to say that donating the car will not benefit you in any way. From a purely financial perspective, selling the car private party is probably going to get you the most money. 