Donating Vehicle

Why would you want to donate a vehicle to charity? One main reason is that it help the community through the charitable organization it has been given to. But the people most people cited when asked this question is that it allows them to deduct the value from their total income on that year's tax return. Most people only think about donating their cars to these programs but the truth is you can donate any type of vehicle you may own. These include trucks, mobile homes, four wheelers, jet skis, commercial vehicles, construction equipment, motor cycles, boats, buses, or even old military vehicles if you have them!

One argument for vehicle donating is that it will save you time and hassles you might get from selling your car. To sell you will need to put up and ad, answer calls, go on test drives, haggle over price, do a bill of sale, etc, etc. With a charity donation you know what you are going to get, and the process is as simple as making a phone call, signing some documents and turning over your keys when the vehicle is picked up.

In some cases you will also have a bigger financial benefit from donating than you would by selling your car. This is especially true for low value vehicles (anything under $500), or junked cars. Talk to your accountant or tax consultant to get an accurate picture of what the benefits will be from your particular situation.

Now you are probably wondering, "who should I donate my vehicle to?" The answer to that depends on you and what charity you would like to help. Its easy to find charities that accept donations online, find one that suits you.

There are a couple things to make sure of before finalizing your donation. Make sure the charity you are working with is a registered non-profit with the IRS, they should be able to provide you with proof of this. Make sure you clean out your vehicle and remove any personal belongings prior to the donation, as you will not be able to get them back after the car is gone.

Vehicle charity donating is a great chance to help your community and give something back, while receiving a tax incentive. Make sure you do your research prior to deciding on a charity to work with. Best of luck.