eHow launches Android app: Get the best of eHow on the go.

How To

How to Donate A Car To Charity Today

Member
By tikrit01
User-Submitted Article
(0 Ratings)

It is easy to donate a car to charity and there are great benefits both for you and the charity. First, when you donate a car to charity, the charity is able to sell the car to make money to support their programs. Secondly, when you donate a car to charity, you get a great tax break for the value of your car that can save you lots of money at tax time. Learn how to easily donate a car to charity today.

Difficulty: Easy
Instructions

Things You'll Need:

  • car to donate
  1. Step 1

    Avoid A Middle Man When You Donate A Car To Charity
    Surprisingly there are many for profits companies that act as intermediaries between the charities and the donors when you donate a car to charity. You want to try to avoid these middle men when you donate a car to charity so you can make sure the charity gets the full value of the car. These for profit agencies sometimes keep between 50-90% of the profit when you donate your car to charity so avoid them at all costs. They must disclose this on their website so check there. Make sure they are a registered non profit. If you do use a middle man to donate a car to charity make sure to ask up front how much they get and make sure it is reasonable.

  2. Step 2

    Make Sure the Charity is A 501c(3) When You Donate A Car To Charity
    In order to receive a tax deduction from the government you need to make sure the final resting place for your car when you donate a car to charity is a registered 501c(3). Make sure to get a receipt so you have it when you file your taxes and make your claim from donating a car to charity. Also get evidence from the charity of how much they sold it for otherwise you will not have proof of its value.

  3. Step 3

    Transport the Car Yourself When You Donate A Car To Charity
    It is very important to transport the car yourself if possible when you donate a car to charity because the charity has to pay for someone to transfer it which cuts into their profit on the car. There may be some instances when this isn't possible, but whenever possible transport the car yourself when donating a car to charity.

Tips & Warnings
  • You can also donate a boat to charity in the same way!
  • If the charity plans on using your car for its services, then get a receipt for fair market value according to Kelly's Blue Book.
Subscribe

Post a Comment

Post a Comment

Related Ads

  • Have you done this? Click here to let us know.
I Did This
Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance