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The ABCs of Car Donation - M is for Money

 


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When you donate your car to charity, you will save a lot of money. First, you will save money at the car dealership. Most auto buying guides say you will be able to negotiate a much better price for a new or used car without a trade in.

Through car donation, you will save the money you would have paid to advertise the sale of your car either on the internet or through the newspaper. Also, if your car does not run, has a major mechanical problem or a lot of body damage, you may have to fix it in order to sell it for a decent price. Donating your car will save you the money you would have had to pay in repair costs had you decided to keep it. You will not lose any money by having to take time off from work to show the car, fix it, etc. And if your vehicle is in really bad shape, you will not have to pay money to have a junk yard come and tow it away.

Most car donation charities will be quite happy to accept your car no matter what condition it is in. You will simply need to give them a valid title. When you donate your car to charity, they will pick up your old car fast and free and at a time that is the most convenient for you. That will save you money on the unused portion of your car insurance, registration, license plates, etc.

You will be eligible for a tax deduction of at least $500 when you donate car to charity. To claim your money saving tax deduction, you just need to itemize on your federal income tax return. In most cases, the charity you donate your car to will sell it. If they are able to sell it for more than $500, that sale price will become the amount you can claim as your tax deduction. Unlike many things in life, getting a tax deduction by donating a car to charity is definitely a sure thing.

The charity you choose to donate car to will use the money generated from its sale to help further their mission. They may use it to help fund research on a wide variety of illnesses or diseases. They may use it to provide information and services to those inflicted with aliments, or with mental illness. The proceeds might be used to provide counseling services, for education or for programs for young people. The money may even go to help fund services for wounded soldiers, veterans or their families. Some charities use the proceeds from the sale of car donations to help provide shelter, food and medical services to needy individuals or homeless animals.

When you donate car to charity, you save money in many ways and the charity is able to use the money generated from its sale in many ways too. Charity car donation is a very good thing for your bottom line and for that of the charity as well. For complete details on how to donate car to charity please go to the Cars4Charities website at your leisure or phone toll free 1.866.448.3487 and they will be glad to help you through the car donation program

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