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The Three-way Solution: A Charitable Car Donation

Nothing lasts forever, including your relationship with your favorite set of wheels. Your trusty vehicle may no longer be up to the rigors of constant use, and is ready for semi-retirement. Or your family may have expanded, and that ten-year-old two door Honda Civic is simply not expandable. However you do not think its expendable, either, and you'd want to send it somewhere which it will be cherished.

But where exactly would that be? You've got a very good idea that any car dealer will offer you next to nothing for a trade, and you don't really want to try selling it yourself and having strangers knocking on the door at all hours of the day or night. Besides, a ten-year-old Honda two door, regardless of how well you have maintained it, has long since had its warranties expire. You, or whoever its new owner will be, might be dealing with serious repair bills before long. The market for your old car, to be blunt, is limited.

So why wouldn't you look into car donation? Even if you are not somebody who thinks very much with regards to the needs charitable organizations, taking advantage of a car donation program won't just solve your problem of Honda disposal, it'll provide you with a really good financial benefit. How?

How A Car Donation Will Benefit You

A car donation to a charity will entitle you to a tax write-off on your next return. Based on your tax bracket, that deduction might either significantly lower what you'll owe to Uncle Sam, or significantly raise what Uncle Sam owes you in a refund. Are you listening?

If you make a car donation to a charity that decides that your old Honda is exactly what they need to scoot around and perform their charitable tasks, you are able to take a tax deduction for the Honda's fair market value as determined by Kelly's Blue Book.

If you make a car donation to a charity which finds a collector of ten-year-old two door Hondas and makes surprisingly attractive offer on yours, both the charity and you will be happily recompensed, because you will be able to deduct the full amount of what the somewhat odd collector paid.

Your car donation, to put it differently, will not only have sated the appetite of the collector, it'll have given the charity some much needed financial help, and either lowered your future tax burden or increased your future tax refund. Can you say win-win-win situation?

Simply run an online search, and you will find a lot of websites which can get you on your way to making your charitable car donation!

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