You Can Turn Your Car into Cash

by Karen Campese CEO of Cars4Charities

If you own a used car that you no longer want or need, you will save some money on your taxes and help a very worthwhile cause when you donate your car to charity. When you donate car, you become eligible to receive a tax deduction that is based on two things; the fair market value of your car and what the charity does with your car donation. If the charity uses your car, gives it to a deserving person, or sells it to them at a greatly reduced price, you can claim the fair market value of the automobile as long as it is not more than what you actually paid for it.

The fair market value is the amount you could sell your used car for on the day you donate your car to charity and in the condition it was in on that same day of your car donation. If the charity sells your car donation, which is what most of them do, you can claim the larger of $500 or the amount the car is sold for.

Many charities only accept cars that run, are in decent condition, and are less than 10 years old. Cars4Charities does not have those restrictions. They will happily take your used car in any condition. They just ask that you provide a title for the older car, have not taken parts off of it, have the tires inflated, and park it in a place where the tow truck can gain easy access to it.

Cars4Charities has over 1,000 international, national, state and local charities you can donate car to. You can donate car to many local charities such as homeless shelters, food banks, animal shelters, playhouses, hospices, VNAs, theatres, and churches.

Then there are International and National Charities like Aid for Haiti, the America Foundation for the Blind, the Prevent Cancer Foundation, the Asthma & Allergy Foundation, the Breast Cancer Research Foundation, the Brain Trauma Foundation, the Diabetes Research Institute Foundation, the National Association for Down Syndrome, Food for the Poor, Partners in Health, Teach for America, Freedom from Hunger, the LAM Foundation, the National Brain Tumor Society, and many more to choose from. Cars4Charities can satisfy almost everyone’s philanthropic tastes.

The process of charity car donation at Cars4Charities is really quite simple to do. It is so simple you do not have to make a telephone call if you prefer not to. You can donate car, truck, suv, or van at your leisure, any time through their website at http://www.cars4charities.org/. In addition to the convenience, the online option greatly reduces administrative costs, resulting in more money going to your favorite charity you select from our very extensive list. It is also better for the environment because it lowers the use of paper and other consumables.

Your generous car donation will be picked up fast and free of charge. Complete details on how to donate your car to charity are available from Cars4Charities at their website at cars4charities.org/or by calling them toll free at 1-866-448-3487, whichever you prefer, and when you are ready.