Car Donation Centers
July 16, 2008 – 8:39 pmCar donation involves collecting old cars from donors and donating them to charity institutions that need donations. Car donation companies are basically intermediaries or links between the donors and the people who are ultimately benefited due to these donations. They help in funding public charities. Certain companies help even those organizations, which do not have their own charity programs.
The car donation companies can auction the donated car in the market and the money so collected is handed over to charities or the car can be used by the charity organization. Either way the main objective of these companies is to facilitate development programs to meet all material and spiritual needs of the underprivileged.
You should be aware that there are rules and regulations which apply when donating motor vehicles. Rules for claiming a tax deduction for donations of motor vehicles which are valued over $500, limit the permissible sum of such deductions to the gross proceeds obtained by the charitable organization from the sale of the donated vehicle. However, certain car donation centers will find ways such as giving it to a family in need, for you to obtain full market value tax-deduction.
American Red Cross of Central New Jersey is one such car donation company. Charity Auto Donations and The New Community Corporation are other such car donation companies. The donor is relieved of all the difficulties that come along with donation. The car donation company arranges for the pick up of the donated car. It is towed away free of charge by a reliable and licensed towing company. This is done at a time and place convenient to the donor. Some companies arrange for towing even if the donor is in another state. The title to the car is required when donating but if it is not available, the company again makes some arrangement for this. Companies also help in estimating the value of the car after all the necessary information is furnished to them regarding the condition, make, and mileage of the car.
Find out what is the cost their services. While most car donation services companies charge very minimal fees, there are some who do no charge at all. Try to find out how the company recovers its costs since it has to do so one way or the other. Some get their fees out of the sales proceeds of your car which reduces the proceeds that goes to the charity. You would like your cost to be as minimal as possible yet still you may want to ensure that the charity organization gets the most benefit out of your transaction.
Tags: Automotive & Cars
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