subject: A Vehicle Donation To A Charity [print this page] Are you thinking about buying a new car? Do you possess an old car that requires repair? Do you intend to keep the old vehicle idle for some time before selling it? If that's the case, donating your vehicle to a good cause may well be a good idea.
Not all of us is wealthy enough to give away money to charities every so often. But giving an old car that we no longer use is something that all of us can do.
There are 3 ways to donate a vehicle to charitable organizations.
1. Drop it at a charity of your choice
The first option is to drop your vehicle at the office of your chosen charity. You can also get in touch with the charity and let them collect the car.
For such charities to successfully pick up the car and make use of it, the vehicle should be in a running condition, and this could be a problem with some older vehicles. When the vehicle is not in a running condition, you'll have extra expenses to get it working and then resell it.
Although, many of these charities don't need a car for their own use. What they need is money. They need money to pay for stuff like food, medications, etc. By donating a vehicle to a charity of your choice directly, you're only creating inconvenience.
2. Sell the car and donate the proceeds
The second option is to sell the car and then donate the proceeds to a good cause. To get the most money from your vehicle, you will have to repair it first. If the vehicle needs a great deal of repairs, it'll be a dead-end investment on your side. You'd rather sell it for a lower price without repairing it instead of selling the car after fixing.
However, if you are intending to sell the car without fixing it first, you will not obtain the best deal from the sale. Buyers will always find flaws and buy the vehicle for a reduced price. This is something you should try in order to avoid.
3. Find a car donation company
The last option is using a car donation firm which acts as a middleman. They collect the vehicle from you no matter the condition, fix the vehicle and sell the vehicle via a nationwide auction.
They're going to sell the vehicle, and then take a percentage of the proceeds for themselves and then donate the rest of the proceeds to the charity which you decide on.
