How To Donate Cars For Cash

What will you do if you not willing to spend even one more penny on your old car

? You may probably leave it in your garage or sell it to the junkyards. Well the nest time you are in such a position, then you might want to donate you car to some charity house.

Donating your car not only is a great gesture but also gives you tax deductions. Look for charity houses who accept cars as donation. Also make sure that these charity houses are non profit and a 501(c)(3) organisation. You can find the list of these organisations over the internet also.

When you have made up your mind regarding to which charitable organisation you want to make your donation, you can give them a call mentioning your motive. There is a very small procedure when you want to make a donation. Then they will send a representative in about 24 hours time who will pick the car.

There are a few papers that you will need while making your donation. You will need the title of your car and the original papers of your car which shows the ownership of the car. These papers are needed to be sure that the car is not stolen. Also remember to give them the keys to your car.

After the donation is made, you get a donation receipt for the charity house. It is a NON CASH CHARITABLE DONATION. The receipt will have the name of the charity house, your name, your address, date of the donation and federal tax identification no. of the charity house.

You will also need to estimate your car before the donation is done. Once the car is sold by the charity house, they will inform you. If it sold for less than 500$, then the donors quote is used while filling for tax deduction else if it is sold for more than 500$, then and updated receipt is given to you.

If the condition of the car is good, then the charity house might only use it for its work. Even in this case the donors estimate is used.

The best part about donating your car is that you dont have to worry about the condition of your car. The charitable organisations take your car in any condition. They are actually looking for the money they will be able to raise from this car which is used for some good cause. Your one small step could help alot of underprivileged people of the society. So never hesitate in taking such steps. Your old worthless car could give you a chance of doing a good deed which is appreciated by the government also.

by: abcfr4

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