Donating a car to charity can be a great thing to do. With the high costs of living expenses, there are many families and individuals who cannot afford buying a car even at a used car price from a used car dealer. Existing charities who accept car charities have helped tons of families obtain vehicles for necessary transportation needs. So here are a few things that can help you donate a car to a charity.
Find a reputable charity
Not all charity foundations accept cars. Do some research and find a charity that supports car donations. Research on charities can be done through the Charity Navigator at the website of the Better Business Bureau.
Deliver it yourself
There are many reasons why you should take the time out to deliver your car donation on your own. One of the reasons is that there are companies who promote car donation assistance services which actually charge a fee that can take up to 90 percent of the total worth of your car donation. In the event that you decide that the charity of your choice should pick up the vehicle themselves, think twice. Remember that these charities do not usually have their own tow trucks to pick up car donations. They will have to hire an outside service to pick up the car, which costs money.
Tax deductions
If you are thinking about getting a tax deduction for your car donation, make sure to do your research and keep a paper file on all documentation relating to your donation. You will not receive a tax deduction if the proper steps were not taken in the process of the donation. So, be detail oriented and take the time to ensure a smooth and beneficial process for both the charity and your tax deduction.
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