Car Donation Checklist

You have most likely seen ads on television soliciting car donations for charities. Giving your vehicle to charity provides many advantages for both the charity and its customers – and for you. The charity gets a precious asset, which they can either use, or sell to benefit their programs. You get a deduction on your tax return that can be equal to the present market value of the car, or even the amount the charity gets when they sell the car. Based on the car, that can really be worth more than the amount a car dealer will give you on it as a trade-in, and it is almost certainly more than a scrap dealer will provide you with for the metal.If you do choose to donate your vehicle to a charity, it’s essential for you to complete some research and to keep meticulous records to make sure that you and the charity get the full value of your donation.

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