by Seth Scolack, Savvy Seth’s Donate a Car to Charity
You may ask yourself, ‘if I donate a car to charity, are there any benefits in it for me?’ Like they say, “good deeds that you do always come back to you”. Without a doubt, donating your old car to charity is a generous gesture that can greatly improve the life of someone else, and it can also benefit you.
For many of us, the thought of having to try and sell our old car that we have had for years is a bad one. Haggling over price with a car dealer and having to spend money to ensure the vehicle is in good enough condition to sell is a nuisance. In fact, spending the time and money on an already old car is sometimes actually counterproductive and ends up costing more money than it’s worth. When you donate a car to charity, you are not required to see that your vehicle is up to working standard. Furthermore, you do not have to spend the money to get your car towed to a lot. You do not have to place an ad in the paper and wait around for people to call or visit your less than perfect automobile. When it comes down to it, selling an old car requires effort. If you are in the position to part with your car and the money that you might make on selling it is minimal, you might just simply choose to donate it.
Speaking of money, one of the great benefits of donating your car to charity is that you are eligible for a tax deduction. In the United States, if you donate to a charity classified with the IRS as a 501(c)(3) charitable organization, you may be eligible for a tax deduction. Before donating your car, it is useful to know the fair market value, which can be assessed by using one of the several guidebooks on the subject. Also, be clear on what your charity will do with the car, as it will make a difference in your tax break depending on whether the car is resold or broken down for parts. Taking the time to speak directly with your chosen charity will answer all your questions and give you a good idea of how they operate.
Donating your car to charity will help someone and will also benefit you. Whether it is to save yourself the inconvenience of selling an old car or not, you can still feel good knowing that you have been generous.
For more information see: Savvy Seth’s Donate a Car to Charity