3 Reasons To Donate Your Car To Charity
Posted on: 4 September 2017
Donating your car to charity can often be a very effective alternative to selling or trading in your old vehicle, mostly because it can provide you with a number of different financial benefits while also helping out your local community or a worthwhile cause. Listed below are three reasons to donate your car to charity:
You Can Get A Tax Deduction
One of the biggest reasons to donate your car to charity is the fact that it can help you get a tax deduction. Depending on the type of charity you donate your vehicle to and the value of your vehicle, you could end up in a situation where you will be able to deduct the entire fair market value of the car that you donated. However, be aware that if your vehicle is fairly new or is worth a fair amount of money, you will have to get your vehicle appraised in order to qualify for a deduction that gets you the full market value of your vehicle.
You Won't Have To Pay A Thing
Another reason to donate your car to charity is the fact that getting rid of that car will not require you to pay a thing. In most cases, when you contact the charity to pick up the vehicle, they will come and get it at no cost to you. This can save you quite a bit of money because it means that you will not have to pay to have the vehicle towed to the charity, pay to have the vehicle repaired so that you can deliver it to the charity, or go through the expense and hassle of advertising the car in order to attempt to sell it.
You Can Get Rid Of A Car That Is In Any Condition
Finally, it can often be a good idea to donate your car to charity because you will be able to get rid of a vehicle that is in pretty much any condition. If the vehicle is not running, a charity will still be willing to take that vehicle and you will still be able to get your tax deduction, mainly because the charity will often attempt to repair the vehicle so that it can be used. In addition, if the vehicle cannot be repaired, the charity will still take the vehicle because they will likely be able to sell it for scrap or sell off the parts in the car and make some money for their charity.
Contact your local charities or car donation service today in order to discuss the possibility of donating your vehicle and the ways in which it can benefit both you and the charity. You will want to donate your car to charity because you will be able to get a tax deduction, you won't have to pay a thing to actually donate the vehicle, and you can get rid of a car that is in pretty much any condition.
Contact a company like American Relief Foundation for more information and assistance.
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