Instead of selling your old car to a local garage, you would donate it to a charity. From the garage, you will never get a good resale value. You could also give it away to the junk car companies. You do get a good resale value but on donating you old car to the charity, you not only do a good deed but also get a tax deduction.
When you think of donating your car to a charity, then try and sell it to a charity to already familiar with or whose motive you believe in. Also the charity you are willing to donate your car should be a recognised one. If it not recognised, then in that case you are eligible for any kind of tax relief.
The best part about car donations is that, it can be in any condition. Even if does not start, you can always donate it. The charity will never ask you to repaint or repair it. All they are looking for is the money they will be able to raise from your old car.
Nowadays as the car donations have increased, so has the convenience of its donors. Many of these charities have online websites. You just fill a few online forms and you done. This process is easy and takes very less time. Apart from the internet donations can also be done over the phone.
Towing of the car is also done by the charity.
For donating you car, you will have to do some paperwork. You will need your original car documents. You will also have to estimate your car. This can be done by a local garage or an expert.
After the donation, it depends on the charity what they will do with it. If a car is in good condition, then it is in good condition, then they might use it for people kids and sick patients else they sell it.
If it sold for less than 5000$, then the donor’s estimate is used for tax deduction. If sold for more than 5000$, the organisation will give you an updated receipt and this will be used for the tax deduction.
Donating anything always helps someone in need. So many prayers are answered when you make a donation. Maybe a kid will be able to go to school or a lung cancer patient can get treatment.