While donating a vehicle seems easier compared to selling, which entails marketing, the donation process can be confusing. If you’re not careful enough, your vehicle might end up in the wrong hands. Therefore, it’s crucial to have an idea of how car donation process works and how it benefits you.
So how does it benefit you? When you’re donating your car to a charity group, you may think that it’s just a contribution. The truth is, besides easily getting rid of your old vehicle, you also become entitled to certain tax deductions based on the sale price of your vehicle. Sure, it’s true you won’t be able to make money from the sale, but often the tax deductions are worth much more and you are supporting your charity. Continue reading