Making auto donations is an effective way to get rid of old and used cars. Auto donations are great don’t only benefit charitable institutions, but also you as the donor. So why not help others by making a car donation today? Read on to find out how.
How it works
When you make an auto donation, your chosen charity will have your car fixed (if necessary) and auction it off. Proceeds obtained from the auction are used for their various projects. Most car donation institutions accept not just cars but also motorcycles, boats, and RV, whether they are running or not.
Benefits
Auto donations can be much more profitable than trading or selling your car. This is because you often get a lower appraisal value than expected, even after you’ve spent hundreds of dollars on repairs and maintenance. Add to that the additional taxes you have to pay, and you’ll actually end up losing more than you gain.
How to make car donations
Before making auto donations, it is important to determine what kind of charitable institution you want to help out. Most car donation institutions are partnered with charitable, non-profit organizations. All you need to do is pick one that you are willing to help and you are good to go.
Next, you have to prepare the necessary documents. These usually include your car’s Certificate of Title and its current registration. Your car donation institution can help you with the paperwork. It is best to keep track of your car’s value, including all the repairs that have been made. Remember that car donations go to auctions. You have to know your car’s value so you are able to keep track of how much it was actually sold for and how much of it went to charity.
National Charity
One good car donation institution is National Charity (http://www.nationalcharity.org/). National Charity is a California-based institution affiliated with the Cancer Fund for America, a non-profit organization that provides financial and medical assistance to cancer patients.
National Charity provides easy processing of car donations, and may even make you eligible for a tax deduction. All proceeds will go directly to the cancer patients, and not to some scientific research or experiment. That way, you can be sure you’re making a direct donation and are actually touching someone’s life.
National Charity has no administrative and production costs and even offers free pick-up for your vehicle. If you want to make a donation, National Charity has operators on call 24/7 to help you out. All the requirements are similar with other car-donation institutions.
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