Donate Your Car
year, over 37 millions Americans make charitable donations. Although over
70% of donations are cash, a growing percentage of people are choosing
to donate their car, rather than selling it used. Donating a car or other
vehicle to a charitable organization is a great way to make a contribution,
while also earning a great tax deduction. Although you should probably
check with an accountant first, most car donations are tax deductible.
For many, this is a great way to get rid of older autos that might not
sell well to a car dealer or a private party. Car donations can often
times prove to generate more value, while also helping a charity in need.
Auto donations are used by charities to generate cash for their organizations
by then selling (below book value normally) the car you have donated.
A growing number of charities are starting to accept automobile donations