I though about selling..now im thinking of cloning it.

I'll add #7:
A car rotted or stripped beyond recognition, any desirable parts are either missing or in such deteriorated condition as to be completely unusable. Such a vehicle usually falls into the owner's category of "I'm gonna restore it someday", or "I saw one on Barret-Jackson, so I know what it's worth".
Fair market value is usually what the current rate is for scrap iron.