Car Donation | The Auto Guide
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Car donation is a topic you here a lot about through radio ads and other advertisements. The basic pitch is that if you have an old car you should consider donating it to a charity.
The charity sells the car (in whole or for parts) and uses the money to help their cause. You get a tax deduction. The tax donation is not necessarily for the total value of the vehicle. Your dedcution will depend on your tax bracket and other factors specific to you.
The Auto Guide has searched out top resources for Car Donation.
Cars for Homes is Habitat for Humanity’s official national vehicle donation program. You can donate a car with confidence, knowing that the net proceeds will be going to your local Habitat affiliate to help them expand their building potential.
All proceeds from vehicles donated to Donate a Car 2 Charity benefit Activated Ministries, an IRS registered 501(c)3 nonprofit organization.
A brief explantion to the 2005 car tax donation laws focused on how to assign a value to the vehicle being donated.
A one stop site that leads to mutliple big name charities with car donation programs such as catholic charities, big brothers and big sisters, american red cross, and more.
If you have an old car or your car just died donating it to charity may be an excellent option for you. In many cases donating your car will save you the cost of repairing the car or having it towed.