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Here's
what you need to know about donating used cars:
Anyone who is considering donating their vehicle to a charity probably
already know that there are hundred of them to choose from. All of them
are very interested in receiving your donation. However not all car
charities are the same and all have different terms and procedures for
receiving and processing your donation.
With any charitable donation the donor usually want to have a positive
impact with their donation. Knowing who the charity is that is receiving
your donation is the first step.
Basically there are three types of organizations that accept car and
vehicle donations.
- The first is a donation broker. These are for-profit businesses
that act as a broker for a charity. These can include car dealerships
or professional fund raising companies that handle all the logistic
of receiving and processing the donation. This can be a service that
is hired by a charity to perform the vehicle processing or they can
be an independent company that will accept your donation, process
it and donate the proceeds to the charity of your choice. Either way
they are paid for their service with either a flat rate or a percentage
of the donation value.
- The second is a non-profit organization like a registered charity.
They receive and process your car donation much like the for-profit
brokers. The proceeds from the vehicle donation are kept within the
organization to help charities they support. You have no say in where
the proceeds of your donation are sent. Although you can donate to
one of these non-profit organizations based on the charities they
support.
- Third are brokers that are non-profit and simply receive a donation
on behalf of a registered charity and process it. The proceeds are
then passed along to the charity. Many charities use these types of
services since they are able to readily process any donations. This
can often be costly and labor intensive for a non-profit organization
to do on its own. This is often the best way to help the charity of
your choice directly.
Other things that you should be aware of is what type of charitable
work the charity supports. As a donor you want to be comfortable knowing
your donation is going to a cause that you morally support.
Car
Donation- Checking up on the Charity
Donating my
Car - Tax deduction information
Donate
a Car - Fair market value
Donate
your Car - Responsibilities as a car donor
NBC4 reports:
WASHINGTON -- It's hard to
turn on the television or radio without hearing a pitch for an organization
wanting you to donate your car to them. They're all designed to
help the less fortunate. But for someone who has a good car and wants
to see that it makes a difference in someone's life, there's
Vehicles for
Change.
The organization takes cars that are donated to them, does any refurbishing
necessary and then sells them to a low-income family desperately in
need of a vehicle at a very reasonable price.
"Most of the folks who come in would not qualify for a conventional
loan," said Marty Schwartz, who runs Vehicles for Change. "They
either have no credit or they have bad credit."
So Vehicles for Change makes sure the cars are priced so those in need
can afford them. And Schwartz encourages people to pay for the cars
on a monthly payment basis.
I recommend these links about donating used cars.
Donate Used Cars
Donate
Used Cars
Donate Used Cars
Donate Used Cars
Donate Used
Cars
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