Car Donation Charity
Car Donation
A car donation made to a reputable charity greatly benefits the charity and the donor!
- The donor benefits by receiving a tax receipt for the highest possible value of the vehicle.
- The charitable organization uses the profit from the vehicle to help fund their specific cause.
Used Vehicle Value
You may have an old vehicle sitting on your property that you do not use
very often. You might be thinking of selling it or fixing it up one day,
but never quite have the time.
A
car donation may be worth more than a trade-in. It can eliminate spending
money on repairs, advertising fees and the problems or liabilities associated
with selling a vehicle.
Fair Market Value
The donor is responsible to ascertain the value of their car donation.
In order to receive a tax receipt
for the highest possible value of the donation you must first determine
the vehicle's fair market value. Certain commercial firms and trade organizations
publish guides known as "blue books," that state average resale
prices based on the model and year of your vehicle.
Great
reasons to donate a vehicle
The great thing about car donations is that you do not have to lift a
finger to be rid of the vehicle. If the car donation is accepted, the
charity takes care of towing expenses and provides you with the necessary
documents for your tax purposes.
- You can receive Full Fair Market Value on your tax return.
- Donations support a worthy cause.
- No paperwork hassles!
- Avoid high repair bills
- Selling can be time-consuming.
- Dealer trade-in allowances are low.
- No registration fees, property taxes and insurance premiums on an infrequently used vehicle.
- You may be moving, and don't want to ship the car to your new home.
Donation Criteria
A car donation will be accepted on the following conditions
- Your vehicle does not have to run but should be in towing condition.
- All four tires must be inflated
- The vehicle must not have any major parts missing.
- It must be in a location that it accessible to a tow truck.
You
should have the title to the vehicle.
Charity Inquiries
Charities have an obligation to provide detailed information to interested
donors. A reputable charity should
be willing to show documents to potential donors that verify how the profit
from donations are used. Any and all questions should be answered to your
satisfaction so that you are clear about all the details.
If a charity does not welcome your questions and does not provide clear answers about where the proceeds from donations go you may think about making your car donation to another charity. Honest charities typically encourage your interest and respond positively to any and all questions.