If you recently purchased a new vehicle and you still have your old one, have you thought about donating the old vehicle to a non-profit charity? If you do not need the other vehicle for anything in particular and it is just hogging up bit of extra space on your block or even in your garage, donating to a non-profit charity that accepts vehicle donations is a great way to make sure it ends up in the right hands and is used by someone who can truly benefit from having it.
Why Donate Instead of Sell?
It may be tempting to sell the vehicle for a bit of extra cash if you do not need it, but donating it is far more beneficial for a number of reasons. When you donate a vehicle to a non-profit organization, you can make note of it when filing your taxes and get a tax deduction, which means you could end up owing less money to the IRS or even receiving more on your tax refund. If you decide to donate, the charity can arrange to have the vehicle picked up from your location so that you do not have to worry about handling the transportation of it.
Along with these benefits, you would not have to stress over trying to sell the vehicle, especially if it needs some work done to it. Even if the vehicle is not in the best condition, you can still donate it because several of the different charities would be able to take it, make repairs, and then make sure it ends up in the right hands of someone who can truly use it.
How to Choose the Right Organization
Donating to the right organization is essential. Before you agree to donate the car to an organization, you need to make sure that it is a non-profit organization. You should do some research to find out what others are saying about the organization while also learning a bit more about what these different organizations do with the vehicles once they receive the donations. Knowing more about how your tax-deductible car donation will positively impact the lives of others could make you feel even more excited to donate your spare vehicle.
If you just bought a new vehicle but you still have your old one, you should think about donating the old one, especially if you are not using it right now and are not planning to use it in the future. Donating a car is a great way to make a charitable donation, receive a tax deduction, and help someone else who is in need.
Share
