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It used $2 million it won in one such competition to open a car resale business, complete with a carwash and detailing center.
Experts also point out that gap insurance can be a good idea when car resale values have dropped over time, and also for high-mileage vehicles that may generate less claim amounts if they are considered a total loss.
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Another trial the VW diesel crowd faces is in the coming weeks and months is what will become of their cars' resale values.
"If you're in a vehicle with a lot of useful life left, you're most often better staying in that vehicle," said Jack R. Nerad, executive market analyst at Kelley Blue Book, which estimates cars' resale value and provides information on new models.
G.M. hopes that by keeping the new Malibu out of rental fleets, which pour large numbers of low-price used cars into the market, it will improve the car's resale value and keep it from acquiring the rental-car image that has saddled many of G.M.'s recent midsize sedans.
You get the tax write-off, the charity gets the car's resale value?
These features can add to your car's resale value.
Dealers may be allowed to supply cars for resale to independent retailers or even supermarket chains.
"We know how to value critical equipment, such as copiers or cars, for resale", says Rich Laxer, head of GE Capital's business in Europe.
If you are planning to keep the car for years, resale value is not as important.
Several companies offer such policies, which also include liability and other types of coverage, and can be later updated to reflect changes in the car's potential resale value.
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