There are many factors to weigh before making the decision to donate car to Charity Cars. The money you save on your taxes, since you are allowed to deduct the fair market value of your donation from your taxable income, will probably not be as high an amount as you could get if you found the perfect buyer for your vehicle. That is, of course, before you consider how much money advertising your car sale will run you, since a car dealer, in order to be able to resell your car to someone else for a profit, can not offer you what a private buyer could. Another consideration to weigh in your decision before you donate car to charity is the time that a private party sale can take. Chances are, the first person to make an offer on your car is not going to be that perfect buyer out there. No, you’ll have to make yourself available time and again for strangers to stop by and take a look at your car at times convenient to them. Consider also the hassle of making necessary repairs, cosmetic or otherwise, and the adversarial haggling process.
But what if you donate car to Charity Cars? They will put you into contact with one of their affiliated professional towing companies who will arrange a time and place convenient to you for the timely pickup of your donation. This pickup is completely free of charge, and they can pickup a car anywhere in the United States typically within 24 hours of your initial call. When you donate car to Charity Cars, you set the fair market value of your car; however, this value must reflect the amount that a willing buyer would pay to a willing seller in a private party sale. As a registered 501(c)(3) non-profit organization, we need to make an assessment after towing your vehicle to a repair facility and performing a safety inspection to confirm that the car’s condition and value has been accurately conveyed to us. As a good rule of thumb, we suggest consulting the Kelly Blue Book for guidelines as to ascertain the what fair market value for your car, truck or minivan should be. If your car is used as a program car, it will be given to one of our carefully screened candidates, and you will be issued a notification that you may deduct the fair market value of your car. If your car is not used as a program car, we will sell your car at auction, and you will be given a receipt for the sales price, and you may now deduct that amount as a charitable donation, whether the price is higher or lower than the fair market value you provided.
When people donate car to charity, especially through Charity Cars, they get the satisfaction of knowing that they helped make their community a little stronger. Since 1996, we’ve been helping the working poor, military families, families and individuals with serious medical needs, victims of domestic violence, people struggling to move from public assistance to self-reliance and a productive life and victims of natural disasters. Please consider the world of difference you can make when you donate car to Charity Cars.