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Archive for May, 2007

Many Reasons for Donating Cars

Thursday, May 31st, 2007
Donate Car For Charity Tip: Just about any vehicle these days can go to auto donation services. They include cars, trucks, motorcycles, campers, RVs, trailers, motorhomes, boats, yachts and airplanes. There are charitable groups that accept donations of classic cars and there are charities that will recycle junk cars. Americans are finding car donation services to be a useful and practical way to avoid the hassles of selling their unwanted vehicles on their own. Often the vehicles need major repairs, but this does not matter to many charities, which sell the autos and trucks for their parts at auctions. Or the vehicles are sold at a lower price to other individuals, many of them needy. Beyond the charitable act itself, car donation services are proving a useful tool for many Americans.


For more Car Donation tips, visit http://CarDonation.lifetips.com

Car Donation Services Benefit Donors in a Variety of Ways

Wednesday, May 30th, 2007
What are you looking for in car donation services? If it is simply speed, convenience and a program that will take an inoperable car, you may want to contact a national clearinghouse that represents a lot of charities. These companies specialize in collecting just about any vehicle, no matter the condition. The companies will tow away and sell junk cars for their parts. If you are seeking a charity than can make full use of your vehicle donation, you may have to do a little more work. Check with your local United Way or Attorney General's Office to find a list of registered charities in your community. Call the ones that interest you, and ask a lot of questions. Make sure the charity will use the donation for the services you want to support. You may want to avoid charitable organizations that have high overhead costs for their vehicle donation programs. The high costs mean less money for the charity's programs and services.


For more Car Donation tips, visit http://CarDonation.lifetips.com

Make Sure Donating Your Car, Not Selling it, Is Best

Tuesday, May 29th, 2007
Car donation services are appealing because they benefit good causes, but also because they provide a tax write-off for Americans. But understand that the tax write-off may not be the value donors can get selling their vehicles through classified ads. Why? Because new federal tax laws limit the deductions that taxpayers can claim for their vehicle donations. Look for car donation services that plan to keep and refurbish donated cars to use in their charitable works. The IRS permits donors to take fair market value for their deduction, when charities use the car donation in their programs. Chances are, though, that the charity will sell your vehicle or its parts at auction, for a lower price than you can get on the market. Say you think your donated vehicle is worth $1,200, but it sells at auction for $725. The lower amount is what you are entitled to claim as your tax deduction. Before contacting car donation services, make sure that donating your vehicle is the right choice for you.


For more Car Donation tips, visit http://CarDonation.lifetips.com

Car Donation Services Under Tighter Regulations

Monday, May 28th, 2007
Car donation services have become such an industry -- with fundraisers, middlemen and auction houses -- that Congress enacted tighter laws in 2005 to regulate them. The goal was to end abuses in car donation services, where donors were inflating the value of their auto to get higher tax deductions. There also were reports of individuals and groups, including used car dealers, trying to pass themselves off as charities to get car donations. The tougher laws end a lot of the problems and return the focus to giving. Donors with vehicles valued at more than $500 now must limit their tax deduction to how much the charity gets when reselling the vehicle. Many charities go through auction houses and hire fundraisers to handle vehicle donations. Some charities get a flat fee for each donated vehicle, no matter its value, while others split the proceeds with the for-profit companies that handle the sales. It makes sense to check with various car donation services to find out what portion of the proceeds from car donations actually go to charitable programs.


For more Car Donation tips, visit http://CarDonation.lifetips.com

 
 

 


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