Donating Your Car for a Worthy Cause
Jack has just purchased a brand new car and is wondering what to do with his old, used 1989 Honda Civic that he no longer needs. Since the car is still in pretty good working condition and has a fairly low mileage Jack thinks of the most obvious option of selling the car on. The next day Jack takes his car into his local mechanics for an inspection.
The mechanic takes a look over it and returns a verdict Jack was not intending to hear. The repairs for the car will end up costing more than it is worth and he is better off taking to the scrap yard for parts.
So now what does he do?
He has a beat down vehicle sitting in this driveway that is too expensive to sell on but not quite worth simply throwing away? Jack struggles to come up with answer until a friend comes over and suggests of donating a car to a charity.
Jack has never heard of this before but is very impressed with what his friend tells him about the tax deduction benefits and the quick and easy service that car donation charities can provide. He has always wanted to donate to a worthy cause and this seems like the perfect option, he gets rid of the car and people receive help from the profits.
Wow, look at all the Car Donation Charities!
When looking into car donation charities Jack is overwhelmed with the number of worldwide and local charities using car donations as a means of fundraising. There are so many worthy causes including medical, environmental, human rights, arts and culture organisations, elderly, community and children's programs, disaster relief and overseas aids programs, deciding on the right charity for him would be a big decision.
Jack had also been informed by his friend about the number of dealerships and organisations trying to cash in on people's generosity through car donation scams. They claim to be acting on behalf of charities when in fact they are only passing on 10 to 15% of the car's sales profits to your chosen cause.
To make sure all of the money from Jack's used car would go directly to his chosen charity Jack obtained a list of qualified car donation charities from the Inland Revenue Service.
By doing this Jack was assured that whichever charity he chose from the list was accountable for the profits and eligible for tax deductions. The next step was to look into how each charity was going to use Jack's used car.
When he began to investigate each car donation program he found these charities work in a lot of different ways. Some charities used a dealer or auto auctioneer to sell their car for them, while others sold their car directly though their own used car lots or auctions and used the proceeds for their charity programs.
Although all of these options sounded very beneficial Jack decided to go for something a bit more local and donate his car to a community education program operating in his area. Jack's chosen program specialises in providing educational and personal training to those in need.
Benefits of Donating a Car to Charity
In Jack's eyes one of the major benefits of donating your car to this charity is that the charity handles all of the car donations directly themselves accepting all used cars, vans, trucks, boats or vehicles with mechanical problems.
These cars can then not only be used to teach people trade skills that they can take with them and find employment, but the cars themselves will be done up and gifted on to single mothers and other community members who require used cars to transport their children to school and allow them to maintain a daily job.
By donating a car to this charity, Jack would be helping people in his own state become trained and find employment that will help to reduce the unemployment rate and provide a much needed service to those in need.
When it came time to lodge his annual tax return Jack found that since his car was worth less than $500 and his charity was listed with the Inland Revenue Service Jack was able to claim the value of his old car as a tax deduction and received some money back for his efforts.
If you happen to find yourself in the same situation as Jack where your old and unused car is simply costing you more money than it is worth, don't throw it away or loose out on a good price by selling it to a dealership look into a car donation program. By donating a car to charity, you too can help one of the thousands of car donation charities trying to raise money to make a difference in the world.
The mechanic takes a look over it and returns a verdict Jack was not intending to hear. The repairs for the car will end up costing more than it is worth and he is better off taking to the scrap yard for parts.
So now what does he do?
He has a beat down vehicle sitting in this driveway that is too expensive to sell on but not quite worth simply throwing away? Jack struggles to come up with answer until a friend comes over and suggests of donating a car to a charity.
Jack has never heard of this before but is very impressed with what his friend tells him about the tax deduction benefits and the quick and easy service that car donation charities can provide. He has always wanted to donate to a worthy cause and this seems like the perfect option, he gets rid of the car and people receive help from the profits.
Wow, look at all the Car Donation Charities!
When looking into car donation charities Jack is overwhelmed with the number of worldwide and local charities using car donations as a means of fundraising. There are so many worthy causes including medical, environmental, human rights, arts and culture organisations, elderly, community and children's programs, disaster relief and overseas aids programs, deciding on the right charity for him would be a big decision.
Jack had also been informed by his friend about the number of dealerships and organisations trying to cash in on people's generosity through car donation scams. They claim to be acting on behalf of charities when in fact they are only passing on 10 to 15% of the car's sales profits to your chosen cause.
To make sure all of the money from Jack's used car would go directly to his chosen charity Jack obtained a list of qualified car donation charities from the Inland Revenue Service.
By doing this Jack was assured that whichever charity he chose from the list was accountable for the profits and eligible for tax deductions. The next step was to look into how each charity was going to use Jack's used car.
When he began to investigate each car donation program he found these charities work in a lot of different ways. Some charities used a dealer or auto auctioneer to sell their car for them, while others sold their car directly though their own used car lots or auctions and used the proceeds for their charity programs.
Although all of these options sounded very beneficial Jack decided to go for something a bit more local and donate his car to a community education program operating in his area. Jack's chosen program specialises in providing educational and personal training to those in need.
Benefits of Donating a Car to Charity
In Jack's eyes one of the major benefits of donating your car to this charity is that the charity handles all of the car donations directly themselves accepting all used cars, vans, trucks, boats or vehicles with mechanical problems.
These cars can then not only be used to teach people trade skills that they can take with them and find employment, but the cars themselves will be done up and gifted on to single mothers and other community members who require used cars to transport their children to school and allow them to maintain a daily job.
By donating a car to this charity, Jack would be helping people in his own state become trained and find employment that will help to reduce the unemployment rate and provide a much needed service to those in need.
When it came time to lodge his annual tax return Jack found that since his car was worth less than $500 and his charity was listed with the Inland Revenue Service Jack was able to claim the value of his old car as a tax deduction and received some money back for his efforts.
If you happen to find yourself in the same situation as Jack where your old and unused car is simply costing you more money than it is worth, don't throw it away or loose out on a good price by selling it to a dealership look into a car donation program. By donating a car to charity, you too can help one of the thousands of car donation charities trying to raise money to make a difference in the world.