I would say that by donating cars to charity would probably be the most beneficial and satisfying way to get rid of old cars. You will be able to provide help and support to a charity close to your heart as well as recycling your old car at the most social responsible method. By donating your old car to charity you will be able to claim a tax deduction as well. So yes, there are a lot of benefits to you as well as the charity.
And to further simplify the whole donating process you could make use of a professional car donation company such as Donate A Car. The professional team of people will be readily awaiting your donation request, and will then assist you through the whole process. They will arrange for your car to be picked up, they will basically handle all of the paper work, making it so much easier for you to choose to work with them.
However, it is advisable to maintain a personal record of the donation. Here follows a list of items which should be included in your record:
- The written receipt from the charity to state your donation.
- Keep contact details such as the name, address and telephone number of the charity to whom your contribution is made.
- Make a note of the date and place where your car was picked up from.
- Keep a detailed description of your car, together with a photograph.
- Document the fair market value at the time the car is donated to the charity, as well as how you calculated the value.
- Should the car be appraised you need to keep a copy of the appraisal.
- If any terms or conditions are attached to the car donation then you should keep a copy of that.
- Any documents related to the way you obtained the car, such as the purchase or inheritance together with the date you obtained it should be kept.
- Make sure you have a copy of the title, the registration and any receipts that the tow company or the charity will give you.
The reason for you to keep all these documents is for the tax deduction purpose. The IRS can at any time request this information.
Donating a car to charity is by far better than just writing them a check, seen as with making this donation you could be rewarded with a nice tax break at the end of the tax year.
So, decide now, do the right thing, and fill in the online donation form on our website. Car-Donation-Form