So you’ve decided that the best way to get rid of that old car is to give it away to charity. What’s next? You just have to find a cause and hand over the keys, right? Not quite; there are a few other things you might want to consider to make the most of your donation.
Find a Worthy Charity
The thing about giving to charity is that you have to consider the moral implications of your donation. In other words, give to a cause that you genuinely believe in, and not just one that everybody else is donating to. Remember, there’s a fine line between charity work and giving away for mere convenience.
Choose an Intermediary
When looking up the credentials of potential intermediary organizations to push your donation through, ask them how much of your car’s selling price will actually go to your charity of choice. This will help you determine just how much you’ll be giving away to the cause, as well as identify whether or not your donation will be eligible for a tax deduction.
Transfer the Vehicle
After turning over your vehicle to the intermediary, make sure that you have it re-titled to your intermediary, otherwise any parking or road violation the car might incur will still be filed under your name. Don’t just leave the ownership space on the transfer papers blank, either.