The Benefits of Donating Your Car to Charity
Tis better to give than to receive.
Sound
familiar? When you decide to donate your car or vehicle, not only do you
give, but you also receive! It's a win-win situation. And there are so
many benefits to donating a used vehicle to a charity.
- All donated items are 100% tax deductible.
- The IRS allows you to deduct the full fair market value of your generous donation.
- Most charities will accept any car or vehicle, running or not.
- The procedure is quick and simple.
- Most charities will arrange the free pick-up of your car.
- The Kelley Blue Book helps donors estimate the fair market value of their car.
- You may be able to save more money in taxes than you would if you were to trade in your car.
- You will avoid the hassles that are associated with selling a car:
- Potential buyers coming to your home
- Repair and maintenance costs
- Cost of advertising
- Not finding a buyer for your vehicle
- It's nice of you!
So when you donate your car, not only do you get a tax deduction at fair market value, you also save yourself time, money and you help out a worth cause. Practically every charity will accept the donation of a car or vehicle, whether they use it or sell it and use the money within the charity. Everyone benefits.