Charity car donations - what you need to know page 1

Charity car donations – what you need to know

By David Maillie

Charities are great, they let you do something to give something back to society and help out those that are less fortunate. If you don’t want to wear your old clothes anymore and they are still in decent condition, or if your children have outgrown their clothes then do you throw them away? Or take them to a charity shop or drop off?

Many people will take their extra and unused clothes to a charity drop off, the same goes for other goods too. You will find a charity somewhere willing to accept anything you may have, perhaps not to give to people, but to sell and raise revenue which will then be put towards services and operating expenses unique to that charity.

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I bet you never thought of donating your car, sure lots of people would gladly accept your car for free, but not necessarily charities even if they claim to be one! Well actually charities are interested in your car, but your car is valuable so why would you want to donate it?

Well donating a car is so much easier than selling it, you don’t have to repair it, you don’t have to make any phone calls, you don’t have to pay for advertising, and you don’t have to see people who might be interested in buying your car. You don’t have to advertise it and put up with lots of low ball offers which can and will drive you crazy.

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There is also a selfish reason for donating your car, the IRS grants donors a tax deduction. You get to deduct the wholesale value of your vehicle which will usually be determined by sale at a wholesale auction (you can no longer estimate or use the retail price – its wholesale only).

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