Donate Your Car or Sell Your Car?

When you have decided to dispose of an old or junk car, it can be a very personal decision whether to donate it or make a profit by selling it. It is a misconception that there is no value in a broken or aged vehicle, but that is not the case. We are experienced in getting the best out of cars, and thankfully you have different choices when it comes to getting rid of an old car or a newer one that has been damaged. 

Contribute Your Automobile for a Tax Reduction 

You don't have to be without a reward when you give away your car. Depending on its worth and condition, you may get a tax deduction. TurboTax states that you can deduct up to the sale value of the vehicle. On top of that, you get the gratification of helping out an organization that you care about.

Giving a Vehicle Away to a Deserving Organization That Does Good Work 

Research is essential when deciding which charity to donate to. This way, you can make sure it is a reputable organization, as well as that you are aiding something that matters to you. If you have a chosen charity, go to its website to confirm whether it accepts car donations. Additionally, you can Google search for car donation sites, although you will have to be extra careful to make sure it is authentic. Disabled American Veterans, Goodwill, and Habitat for Humanity are just a few of the national charities that accept car donations. 

Due to the shortage of staff, many charities are not able to handle the car donations they receive. For this reason, they entrust the process to a third party vendor. This vendor then teams up with an auction platform to facilitate the donation of the vehicle to a local or national charity. 

Making a Donation with a Non-Functioning Vehicle 

Even if your car no longer operates, you can still donate it to charity. Many organizations will accept vehicles that are not running and will use them in various ways. 

It could be beneficial to check the prerequisites of the charity you are considering donating your car to, since they may not accept it if it is not running or was in a crash and is thus not operational. Some non-profit organizations may have a set of requirements before they will accept a vehicle donation. 

Advantages of Selling Your Vehicle 

There are many great benefits to putting your car up for sale. From the potential financial gain to the convenience of having a car that is no longer your responsibility, there is much to consider when it comes to selling a vehicle. 

For those looking for a quick way to sell a used or damaged car, as well as wanting to donate to a charity, CashForCars.com provides a solution. We offer payment at pick-up and the turnaround time is usually within 24 hours. Donors can choose to give all or part of the proceeds to an organization of their choice, even if there is no clear car donation process. 

Disposing of an Automobile through Donation or Sale 

Ultimately, you should pick the option that is most suitable for you. Many people have their own motivations for deciding to make a donation directly to a charity, and maybe this is the best course of action for you. Consequently, when you are wanting to sell your vehicle, search for the offer and the way that works best for you.

Would you like to know how much you can receive for your vehicle? Visit our Get Offer page to get started and receive a quote for your vehicle