The Three-way Solution: A Charitable Car Donation

by : Wade Robins

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 grown, and that ten-year-old two door Honda Civic is simply not expandable. But you don't think its expendable, either, and you'd like to send it somewhere that it will be appreciated.

But where exactly would that be? You have a pretty 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, no matter how well you have maintained it, has long since had its warranties expire. You, or whoever its new owner will be, may be facing serious repair bills before very long. The market for your old car, to be blunt, is limited.

So why not look into car donation? Even if you aren't someone who thinks very much about the needs charitable organizations, taking advantage of a car donation program will not only solve your problem of Honda disposal, it will provide you with a very nice 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. Depending on your tax bracket, that deduction could 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 which decides that your old Honda is exactly what they need to scoot around and perform their charitable tasks, you can take a tax deduction for the Honda's fair market value as determined by Kelly's Blue Book. For more info see on Car Donation.

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'll be able to deduct the full amount of what the rather odd collector paid.

Your car donation, in other words, will not only have sated the appetite of the collector, it will 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?

Just run an online search, and you'll find plenty of websites which can get you on your way to making your charitable car donation!