Car Donation and Tax Deduction

Donating Used Cars For A Cause
Modern technology has produced a surplus of goods which we find difficult to dispose of. While many of us are sensibly reaping the fruits of our contemporary development and affluence, it is not a bad idea to share some of our blessings to financially disadvantaged people.

What to donate?

There are hundreds of things to donate, as there are various ways to do it. As more and more people suffer from financial burden, increasing numbers of people are incapacitated to reach out to different places and are an impediment from the many opportunities waiting for them in the outside world.

Cars are considered to be one of our primary needs in this modern time. While more than 80% of most American adults own cars or at least renting their own cars, there are still some who cannot finance the purchase of their own automobiles.

This can isolate individuals and discriminate against them due to their financial situation. This is such a sad fact, yet, the good news is that you can do something to stop it or at least, be part of the cause in solving this part of this global dilemma.

Statistics

Just exactly how many individuals are getting into this humanitarian cause? From 1992 to present alone, institutions catering for car donations services have estimated to receive more than 35,000 cars a month within that period.

If you are planning to buy a new car and replace an existing one and have not come up with an idea where to put it, either selling it or rebuilding it, perhaps donating it to a charitable institution could solve your problem and potentially make a big difference in the lives of others.

How Can I donate my car?

Car donation centers usually offer services that including picking up the automobile you would like to donate (free of charge for most car charity institutions), prepare the title transfer requirements, and all legal documents related to the clearing of ownership of the car.

Most charitable donation centers who accept automobiles, provide a tax-deductible donation receipt to the donor in due consideration for donated cars.

Determining Eligibility for Car Assistance

Members of the board of charitable institutions choose among the list of applicants requesting a vehicle. Together, they determine the eligibility and proof of financial incapacity among applicants to purchase automobiles.

Preference will be awarded to individuals who have clear credit standing showing inability to purchase automobile machines. The car beneficiary will undergo the same legal process of transfer requirements to legitimately take its title of ownership.

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Make a Difference and Reap the Benefits of Your Car Donation
When you contemplate buying a car (whether it's previously owned or new), you're faced with the decision of what to do with your old car. Often, trading it in means receiving only a fraction of its value. Selling it through an ad in the newspaper or online is a hassle. Not only do you have to pay for the advertisement, but you also have to endure questions from potential buyers and make yourself available to people who want to view the car or take it for a test drive. In addition, you assume financial risks, in that the buyer may present you with, for example, a fraudulent check.

Increasingly, car owners are choosing to donate their older cars to charity. The process involved in a car donation is straightforward, and gives the car owner the satisfaction of knowing that they are helping those in need. Often, the tax benefit afforded the car owner as the result of an auto donation exceeds the benefit of the outright sale of the vehicle.

A variety of charities are embracing car donation as a way to support the important and valuable work they do to help adults and children who are less fortunate. Many charities have seen donations fall off, as donors instead have contributed to disaster relief, such as efforts triggered by the tsunami in Asia or by Hurricane Katrina. When you donate your car to charity, you are providing worthy organizations with much-needed support.

Many of these organizations provide services internationally to people in need. Often, a car donation can go far in helping those who are most in need. You can be sure that your auto donation has a significant impact when it is used to help the over three billion people in the world who live on a meager $2 per day.

Your car donation can help a cause you care about and help you reap the tax benefits of auto donation. Whether your car is barely used or barely runs, you can still help those in need and list the contribution on your tax return. Although you should check with your tax preparer, you can typically deduct the full amount that the charity receives for your car or $500, whichever is more.

When you decide to donate your car, the process is easy. For example, Donate Car for Charity (www.donate-car-for-charity.com) lists five simple steps you can take to make a difference in the lives of those who need the services that charities can provide. In essence, they will help you determine the value of your car donation, and all you have to do is complete an auto donation form, provide the vehicle title, and arrange for your car to be picked up at no charge. Then, you can reap the tax benefit from your car donation, and feel the satisfaction that comes with knowing that you have made a difference in the lives of others.

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How the Car Donation Process Works
When it comes to car donations, there are many individuals who would like to donate their old, unwanted vehicles, but many end up not doing so. There are a number of reasons why a person changes their mind, when it comes to donating their vehicle, but many are unsure about how the process works. If you are one of those individuals, you are advised against changing your mind. Instead you will want to take the time to understand how the car donation process work.

When examining how the car donation process works, it is important to remember one thing. There are really two different ways that you can go about donating your car. Perhaps, the easiest way is to contact a car donation program or center. These centers and programs will not only save you time, but in many ways they will also give you piece of mind. This is because they, essentially, take the work right out of donating a car.

With car donation centers or programs, you will find that each center and program operates in different ways. Despite the possible different ways of operation, there are number of similarities between each. Depending on which center or program you donate your car to, you should be able to have it picked up. If not, it would be your responsibility to get your vehicle to the donation center. Once your vehicle is there, no matter how it got there, the process will begin.

A car donation program or center will typically examine your car, make any repairs, and clean it. This will help to ensure that a safe vehicle is given to a non-profit charity. Some car donation programs and centers outright contact charities that they feel could use a donated car and others already have a waiting list. That way your car, or at least the money from your car, if it was sold, will make it to a non-profit organization that could use the car or the money.

As mentioned above, there are two main ways to go about donating your old, wanted vehicles. In addition to using a car donation center or program, you can also find your own charitable organization. Although this will accomplish the same goal, it may be a time consuming process. Not all non-profit organizations need or want to accept a car donation, for that reason your donation may be turned down. That does not mean that you cannot find a charity or a non-profit organization that could use your donation, it just means that it may take some time.

Now that you know how the car donation process works, what are your plans? If you still have your old, unused, or unwanted vehicle in your driveway, you are urged to donate it. A lot of good can come out of something that you no longer need yourself.

Mariah Cruz is a writer for http://CarAngel.com where you will see abundant amounts of information on things such as a Car donation and other related information.

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Where Did Your Car Donation Go?
So you have made the decision to donate your old car to charity. Once donated, your car can have several things happen to it. The charity that you donate it to will decide how to process the donation based on the general condition of the car and operating order. Each charity will have different procedures they use to get the most value from your donated vehicle. You can check with the charity you are considering to determine what they plan to do with your donation.

Despite the condition of your donation you will have a bit of planning to do before donating your car. First, you are responsible for determining the fair market value of your donation. In 2005, in the USA, the law changed so now it is up to the vehicle owner to determine what it is worth. The owner must also have written documentation for the appraisal to justify the value when asking for a tax receipt from the charity.

If you are interested in claiming the car donation on your taxes you will need to know if the donation is valued at more than $500 or less. You will need to obtain additional information from the charity if the value of the car is more than $500. You must determine if the vehicle qualifies as a tax deductible donation. Most vehicles legal for public roads qualify to be tax exempt when donated. Also determine if the charity you are donating to has tax exempt status. Most educational and religious organizations will be tax exempt. Calling the charity and asking is often the best way to determine this.

Now that you have all the pre pick up paper work complete you are able to arrange for your donation to be picked up. Depending where you live this can be handled in a few ways. If the charity is near your home and your car operates you can drive it to the local charity and save them the cost of having it removed by a towing company.

Again, if the car you donated runs the charity may send a driver to the vehicle location and drive it away. This also saves them the cost of having it towed.

Of course if your car doesn't operate the charity will send a tow truck to the location and remove the vehicle. Most of the time the charity will send a registered tow truck company over to the location to haul the car away. In other instances the charity itself will have their own towing service. In either case you may need to provide the driver with the car title before they haul it away. This will also limit you from any liability since you are no longer the registered owner. Discuss this with the charity when you arrange for the pick up.

After your car is hauled away a number of things can happen depending on the condition of the vehicle. If the vehicle is in good shape the charity will have a mechanic inspect the donation and give it a pass if it meets safety standards. Any vehicle that passes inspection will either be sold at auction with the proceeds being used to support their organization. It may also be donated to a family in need that the charity supports. If it fails the inspection the mechanic will provide details of what need fixing. The charity will decide if is worth fixing the vehicle.

Those vehicles that are not road worthy or cost too much to repair will be striped for any valuable parts and the remainder will be send to the scrape yard. The parts of the vehicle will be separated and recycled. The steel from the frame and body panels will be sold off as scrap iron. The charity receives the proceeds from the recycling facility less the fee for processing the donation.

If you are donating a car that has sentimental value and you don't want it to end up as scrap you can talk with the charity in advance. The vehicle will either need to be in good working order before the charity gets the donation or be cost effective for them to fix it.

Donating a car is simple and goes a long way to helping charities in need. Knowing the steps involved to get rid of your old junker can help make the process go smoothly.
About the Author
Cars to Charity is a free guide for anyone who is planning to donate a car to charity. Learn the process and how to write off your donation.

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Why Donate To Charity Today?
Have you run into any of the organizations asking you to donate to charity today? So many people want you to donate to charity. Are you open to donate to charity? If you are willing to donate to charity how do you choose? If we start at the beginning then we should ask why should I donate to charity? The truth of the matter is there are so many incentives to donate to charity. Here are a few that, hopefully, will help you decide to donate to charity. What about the tax breaks? Every April we are reminded of how much money we pay the government. But if you donate to charity you will be giving money otherwise going to the government into the hands of people who need it a lot more. Come to think of it, maybe that's the only reason you need to donate to charity.

Have you ever imagined that if you decide to donate to charity you could have a lot more room to live? Everyone who decides to donate to charity doesn't give money. What about items that you could donate to charity? Is there anything laying around your home that you could donate to charity? When you donate to charity these extraneous items you gain room in your home. You see, everyone gains when you decide to donate to charity. Of course, the foundation of the need to donate to charity is that there are people who need your help. Not everyone in the world has experienced the same level of success, donate to charity from your good fortune and you increase the good fortune of someone not as blessed as you.

And speaking of different levels of success, have you always been as successful as you are now? Or was there a time when an organization was there for you? That sounds like a great way of living out your decision to donate to charity. Many of us have had times when things were not going well. If a charitable organization was there for you, donate to charity by giving back to them. Then, when you donate to charity you return the favor once paid to you. There are also people who go the memorial route when they donate to charity. Sometimes the best way to ease the pain of the loss of a loved one is to carry on their legacy with causes that mattered to them. If you donate to charity in their name you create a living tribute to their ideals. Suddenly your decision to donate to charity takes on a whole new meaning.

Last but not least, when you're deciding to donate to charity think on the things that matter to you. Every time you donate to charity it should stand for ideals that matter to you. Then, when you donate to charity you and the charity are working toward a common goal. So you see there are many aspects to consider when deciding to donate to charity. When you donate to charity people get helped. Donate to charity and become a helper to those who need it most.
About the Author
Alan Jason Smith is an Expert freelance author that writes outstanding articles for Donate to Charity Online which is an excellent place to find chairty links, resources and articles. For more information go to: http://www.donatetocharityonline.com/

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