How Car Donation Is Appealing

At first glance one may not be too attracted by the idea of donating their car. Actually when you look into it there are many reasons that may entice you to do so. This includes but is not limited to gaining tax benefits, participating in charity and saving bundles of time. Even if your vehicle is not worth much it will still help to raise funds for a charitable organization. The IRS is bound by law to give a tax refund on donation cars. This amount can be as high as $500. This is one of the biggest attractions that causes people to give up their unused cars for donation. Getting started with the process is extremely easy. All you have to do is fill out a car donation form where you enter some basic information regarding your vehicle from the website of a car donation company. You will also have the opportunity to choose the beneficiary charity organization from the panel charities that are part of the particular donation company’s listings. The Car donation company will then give you a receipt which can be used to get the tax rebate from the IRS. Hence car donation gives you a guaranteed rebate worth five hundred dollars or more in any case. Consider the fact that this is a complete hassle free way of getting rid of your car while earning a handsome amount and participating in charity all at the same time. You don’t have to run ads in the newspaper and have people come over to test your ride. Nor do you have to get your vehicle repaired in order to be able to sell it. Similarly if you were to participate in a trade in you would have to go through so much hassle as compared to car donation programs. The vehicle can either directly go to the charity organization. Most car donation companies however sell the vehicle and give a certain percentage of the proceedings to the charity organization that you have selected. In case the charity decides to make use of the car then you may able to receive the market value of the vehicle. However when you go through the middle men the chances are that the car will be auctioned off and you will be receiving a sizable tax break. Read more: