Here are Some Common Reasons to Donate a Car, Boat or RV:
Repairing and older car, boat or RV can be very expensive, and it may not be worth the investment. In many cases the value does not increase even after spending a large sum on repairs. Donating your car, boat or RV is often a better option. Not only will you save money on the regular maintenance and repairs, you will no longer need to pay for expensive insurance.
Trading In an Older Car Isn’t Worth It
Car dealers want to make as much money as possible on a trade-in, especially if your vehicle is in good running condition. They typically offer 80 percent of the Kelly Blue Book value, and sometimes it can be as low as 60 percent. Trade-ins rarely give you a fair market value.
If you have a car with severe rust damage and it doesn’t run or it cannot pass an emissions test, donating the vehicle can be a good option. In most cases, you can donate a car regardless of its condition, even if it is a pile of junk and non-operational. If you decide to have the car towed to a junk yard, you will pay a towing fee and sometimes even a fee to the junk yard. However, if you donate the vehicle, you not only get free towing, you get a tax deduction and you are helping a charity.
Some charities will accept a car that does not have a title. In most cases the vehicle will only be auctioned for scrap or parts; thus reducing the value of your deduction, but at least you can get it off your property or out of your driveway and can avoid the expense of replacing the title.
The Car, Boat or RV was Owned by a Deceased Relative
When a spouse or family member passes away, it is a difficult task to decide what to keep and what to discard. There are usually heirlooms that cannot be parted with, but vehicles are normally not a sentimental item. Dealing with an old or late model car can be a burden.
There are issues like the vehicle title that is in a deceased person’s name, and this can be confusing. However, donating your car gives you the benefit of having our experienced staff walk you through the process and answer any questions you may have.
Seasonal Cars, Boats and RVs
Cars, boats, and especially RVs take up a lot of storage space. If you have an extra vehicle that you are not using on a regular basis, you’re paying for space that you could be using more efficiently. And if you have an RV in storage that you only use for that summer vacation, you could save a lot of money on upkeep, insurance and storage fees if you donated it to charity and rented an RV when you need it. The same goes for a boat. Why deal with the maintenance and yearly depreciation when you can rent a recent model RV or boat.
One of the biggest benefits of donating a car, boat or RV to a registered 501(c) (3) nonprofit organization is the tax deduction. The charity will issue you a tax receipt after your donation is accepted. This allows you to claim a deduction on the following year’s taxes.
Probably the best reason for donating a car, boat or RV is that it helps a charity. Your old car might not seem that important to you, but the proceeds from the sale can provide continued services to the charity you wish to support.
Donation2Charity takes pride in responsible recycling for junk vehicles. Recycling vehicles helps reduce the Carbon Footprint by removing vehicles that are not environmentally friendly. Most junk vehicles that get donated to charity are over 20 years old with poor gas mileage and poor exhaust emissions.
There are many parts of a car that can be recycled, from rubber tires to plastic bumpers and dashboards. And recycling your old car helps transform old steel into new steel for thousands of uses, including making new cars and car parts. The automobile is the most heavily recycled consumer product.
Approximately 85% of the metals are recycled to make new automobiles. There are also precious metals such as palladium found in the catalytic converter and copper found in the wiring. Every vehicle that is donated and cannot be driven or repaired will be sent to a recycling center. This is a win-win for the charity and the environment!