The Benefits of Car Donation
One of the greatest benefits of donating a car to charity is that you are eligible for a tax deduction. The tax write off is based on what the charity sold your car for which is usually a great deal more than you would get by selling it. The charity must be classified by the IRS as a 501 (c). Car donations account for 80-90 % of some charities annual revenue so you can see how important car donation is. You can also feel good about donating your car because you are helping someone else.
My husband and I have donated two cars to Toys for Tots. We donated our cars through v-dac.com. The whole process was extremely simple and done completely on line. The only thing I had to do was mail the charity the car title. The vehicle is towed away at your convenience and there is no towing fee. It is a lot simpler than trying to sell your old car or haggling with a car dealer for a fair trade-in value. When you donate a car to charity, the car is not required to be in good running condition but you must have the car title. Probably the hardest part of donating your car to charity is determining which charity that you want to donate it to. You can donate your car to large national organizations or you can donate it to a local agency so that your own community can benefit from your generosity. One hundred percent of the money made from the car donation goes to the charity. So if you have a car that’s no longer running or one that’s in good shape but simply not worth the trouble of selling why not donate it. You’ll be glad you did.
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Tagged with: Charity
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