When you donate a car to charity, you are helping a
person fulfill a need that they are unable to fulfill themselves. Most of us
take for granted the convenience of our car, but for other people, a car is not
only convenient but it may also help them to earn a living or provide kids with
transportation to school. Besides having helped someone else, there are several
other practical reasons why you should donate your car to charity.
For many of us, the thought of having to try and sell
our old car that we have had for years is a bad one. Haggling over price with a
car dealer and having to spend money to ensure the vehicle is in good enough
condition to sell is a nuisance. In fact, spending the time and money on an
already old car is sometimes actually counterproductive and ends up costing
more money than its worth. When you donate a car to charity, you are not
required to see that your vehicle is up to working standard. Furthermore, you
do not have to spend the money to get your car towed to a lot. You do not have
to place an ad in the paper and wait around for people to call or visit your
less than perfect automobile. When it comes down to it, selling an old car
requires effort. If you are in the position to part with your car and the money
that you might make on selling it is minimal, you might just simply choose to
donate it.
Speaking of money, one of the great benefits of donating
your car to charity is that you are eligible for a tax deduction. In the United
States, if you donate to a charity classified with the IRS as a 501(c)(3)
charitable organization, you may be eligible for a tax deduction. Before
donating your car, it is useful to know the fair market value, which can be
assessed by using one of the several guidebooks on the subject. Also, be clear
on what your charity will do with the car, as it will make a difference in your
tax break depending on whether the car is resold or broken down for parts.
Taking the time to speak directly with your chosen charity will answer all your
questions and give you a good idea of how they operate.
Donating your car to charity will help someone and will
also benefit you. Whether it is to save yourself the inconvenience of selling
an old car or not, you can still feel good knowing that you have been
generous.
Further
Reading About Car Charity...