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.
Can I donate something else? Yes you can. Most vehicle donation processing centers accept different types of vehicles, including cars, trucks, SUVs, and boats. Moreover, whether your vehicle is still running or not, processing centers will tow it from your property so you can donate almost any vehicle in any condition.
How can my donation help? If you’re worried that your dilapidated vehicle no longer has any value when sold to contribute to your favorite charity, don’t be. Your old car is an asset to your favorite charity that will benefit you.