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Car Donation- What you should know

By Welcome123 Subscribe to RSS | March 20th 2012 | Views:

America has been known for its consumerism in the past. But over the years has fallen into tough times. However, old habits die hard and people in the US still change their cars way too frequently. So what happens to the old cars? Have you considered car donation? It is definitely worth looking into.

Car Donation is considered to be quite noble in society but even if we keep that aside there are some strong points in its favor. The proceeds from the sale of your car donation are used to help the charity you donate your car to. Moreover, you receive a valuable tax deduction and a sense of pride knowing you are helping someone less fortunate.

Numerous charities have these car donation programs. Car donation services either refurbish donated cars first or sell them in their current condition at auctions where the correct fair market values of the cars are considered. They may either use the car for their charitable causes or assign the car to a needy family or individual.

These charities help children, people paralyzed in war, research societies i.e. for cancer et al. There are a number of charities in many areas of New York and the rest of the United States where donation services are taken up. Sometimes it is as easy as calling up a charity which has a car donation service program. In addition, the services are very convenient and time saving and can be taken up on the same day as the call.

The main consideration for many is the amount they can save in terms of tax by getting rid of a car conveniently. So it is a win-win situation for all parties involved especially for those who are in need of it.

In a way, car donation services act as intermediaries between the donors and people who will ultimately benefit from these services.

However, as with most things, there is scope for skimming over the top. So, it is best if you do your research properly before you go for a charity with such services.

Consult the people who ought to know especially those who have availed such services before. It would also be advisable to ask around in case the procedure for claiming deductions is more difficult than it is made out to be. Generally car donation companies assist their donors with the paperwork involved to reduce the hassle involved in the process. Furthermore, the process should be transparent enough to stand scrutiny and if you feel that it isn’t then perhaps you should make other arrangements.

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