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 it's 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.
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