subject: The Impact Of Donating Goodwill Cars [print this page] Goodwill cars can be of great help in many different ways. This is the reason why you should donate Goodwill cars when you have a used vehicles lying idle in your garage. Goodwill cars that you have no use of can help society in several ways. In fact you will be surprised to find how much the donation of Goodwill cars can help a charity. Some charity organizations can make the donation of Goodwill cars stretch a great distance ensuring that they get full value of the donation. Meanwhile, those who donate Goodwill cars can also get IRS tax deductions for making a charitable contribution.
When you donate Goodwill cars, what the charity does with them varies from one organization to another. Donated Goodwill cars are first inspected by used car experts working with the charity. This will help them identify the value of the vehicle and whether it has any life left in. Charity organizations which accept donations of Goodwill cars, sometimes offer good faith estimation of the market price of the car, so that owners of the Goodwill cars can claim for tax deductions. This will give a good idea to the used car owner as to how much the car was worth. If the car is in a decent condition, a charity will spend some money on it to get it into good shape and then auction it for a good price. Goodwill cars are also sold in wholesale or retail lots for precious funds. Some Goodwill cars which are not in good shape and do not really deserve more investment are usually sold off to salvage dealers who can make good use of the spare parts and often provide good money to the charity.
Your Goodwill cars can therefore ensure maximum tax savings for you especially if you pick a charity that has the expertise to handle donations of Goodwill cars. However, Goodwill cars are not always sold off for funds. In some cases, Goodwill cars received by charity organizations are further donated off to underprivileged families who need a means of transportation but cannot really afford it. Similarly, Goodwill cars are used by some charity organizations for their projects as means of transportation for the volunteers. The same Goodwill cars can prove to be extremely useful during disasters when they are used to transport medical help to crisis areas and also to transport injured or suffering victims to the nearest medical centers.
