Posts Tagged ‘car donation’

To Haggle or to Donate: This is the Question

Wednesday, October 20th, 2010

When it’s time to get rid of your old car, there are a few options available to you. For example, you could make a car donation, or you could sell it yourself and try to make some money from it. Unfortunately, this means you are opening your door to the hagglers – those people who only see this as an opportunity to exercise their skills and get the best deal possible. And, of course, the best deal for them means less profit for you.

The Haggler Mentality

So you’ve decided to sell your car yourself, and your first customer shows up at your door to inspect the vehicle. This is fine, you’re thinking, because you haven’t noticed the glint in his or her eye. You don’t realize that the haggler is more interested in getting a good deal than a good car.

The Haggler hasn’t come to your house to see if they like your car, or if it is as reliable as you say. They are here to talk down your price. They have a strategy, and they look forward to the experience of telling their friends how much of a discount you gave them.

They will have done their research, and they will know exactly what your car should be worth. They will plan for what they consider a great deal, good deal, and mediocre deal, and if you can’t come to an agreement that is above what they consider mediocre, they will probably walk away. You might even get treated to a little bit of a show, as they make it clear that they are more than willing to walk away from their offer if you don’t meet their price.

Unless you have your own set of haggling skills, this can be a tiresome practice that won’t do anything but use up your time and drain your profits.

The Charitable Mentality

There are a lot of reasons someone might choose to donate a car to charity instead. The most obvious reason, though, is the opportunity to do something good for an organization that relies on the generosity of others.

Donating to a charity is also a very convenient way to get rid of that old car without getting caught up in the long, drawn-out process of selling it on your own. It won’t matter what condition it’s in, you can still make a donation to help a worthy organization, and you can still receive some financial benefits from the allowable tax deduction.

Reasons To Donate A Car To Charity

Wednesday, October 13th, 2010

The reasons to donate a car are many—some of them are practical while others are more emotional, but all of them can make you stop and think. On the practical side of things, your current car might be getting a little older, less reliable and it might not have all the safety features available in newer cars.

Sometimes, the repair costs on an older vehicle can add up to more than the car is really worth, which might mean it’s time to donate it to charity. You want your family to be safe, which is easier done with a new car. While you might try selling your clunker, you probably won’t get enough money to make it worth your time.

However, with donating, it is easy and emotionally satisfying. With this simple act, you are helping out those who cannot help themselves. Every little bit helps, and when you combine your donation with all the others received at our organization, you can see why we can make a bigger difference.

Some people wonder how long it takes to donate a car to charity, and the answer is not long at all. Once you call us, we will schedule a time to pick up your vehicle and have you sign the paperwork—everything is on your timetable.

When your car has reached the end of its road, you can still use it to benefit others. We take care of all the details, so the entire process runs smoothly and you are left with that warm fuzzy feeling you get when you know you’ve done something good. Also keep in mind that you will qualify for a car donation tax deduction.

When Is It A Good Time To Donate A Car?

Monday, August 30th, 2010

Technically speaking, you have between now and midnight on December 31 to donate a car if you plan on taking the tax deduction for 2010. That does not, however, imply that it’s okay – or even a good idea – to wait until December to start the donation process.

The summer months are actually the perfect time to start thinking about your car donation tax deduction. It may seem like the due date is months away, but you can take advantage of the longer days and the nicer weather to get your car ready to go. More than that, the towing companies will be available at your convenience, and you won’t have to fight with all the other people trying to donate their cars at the same time.

The “holiday rush” is always a stressful period, whether you are shopping for gifts or doing your taxes. This is not the time to try and donate a car for your deduction. It’s one thing to run to the accountant at the last minute to get your taxes prepared, but it’s a different thing entirely to try and contact a charity or car donation agency and get your car towed, gather the necessary documentation, wait for the final sale of the car and get the necessary receipts at the last minute. Planning ahead will make tax season a far more manageable experience.

Of course, if you do take care of the car donation during the summer months, you will be responsible for keeping track of your receipts and documentation for a while. You should always keep your tax documents together so that when the time comes you won’t have to run around trying to pull together everything you need to get the best deduction possible. Many of us don’t like to think or plan this far ahead, but when everything is said and done, you will be grateful that you did.

10 Frequently Asked Questions About Donating A Car

Thursday, July 22nd, 2010

If this is the first time you are taking the leap and donating a car to charity, then you probably have a few questions. Hopefully these answers will help you feel easier and understand the process behind car donations.

1. Can I still donate a car that hasn’t worked in years?

  • Almost always. If your car is so old that it would cost more to tow than the value it would give the charity, then chances are it will not be accepted.

2. I get a tax deduction right? How much is that deduction?

  • You can claim the value of your donated car up to $500. Or, if we can sell it for more than that, they you can use our receipt to claim that amount.

3. I don’t have the title to my car, can I still donate a car?

  • This depends on your situation. If you do not have your title, then contact us for the specifics.

4. Will my car be sold for parts or donated whole?

  • This depends on the condition the car is in. Regardless, when you donate a car to charity, you still are doing a good thing.

5. When you pick up my car, do I need to be home?

  • No. If you can’t be home, then just make sure that the keys and title are available in the car. Make sure you don’t leave anything personal in the car.

6. Do I have to pay for towing?

  • No

7. The owner of the car passed away. Can we donate for the deceased?

  • If you have a death certificate and the documentation saying you inherited the belongings, then we can pick up the car.

8. I saw an abandoned car, can I donate it?

  • Unfortunately, no. In this case, you would need to contact a junkyard.

9. What do I do with the license plate of the car?

  • Depending on the state where you live, usually you need to return the plate to the DMV. Some states require that the plate stay on the vehicle. Contact us for more details on your individual situation.

10. What should I do if there is a problem after I have donated a car to charity?

  • We accept all responsibility for your car after it has been picked up. However, if you have any previous fines, you are responsible for them.

Hopefully these answers help you in your decision, and make the process a little easier.