What Happens To Your Vehicle After It’s Donated?

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What Happens to Cars Donated to Charity

There are many nonprofits across the nation that accept donated goods. This includes items such as household goods, clothing and even electronics. However, what can you do with your old vehicle? Well, you can donate that too!

Factors that Contribute to a Vehicle’s Course

There are many things a nonprofit organization looks at when deciding how a donated car is used. The main factor in this decision is the condition of the car. The condition will be determined by a number of factors, some of which include any mechanical malfunctions state of the body. This is usually established by a mechanic or other knowledgeable person. In addition to the condition of the car, the organization will look at the year, make and model. This is done in order to conclude where the vehicle will be sold.

Possible Courses of a Donated Vehicle

There are three main possible courses your donated car can take. See in the infographic below for details. Ready to donate your vehicle? Call toll-free (866) 233-8586 today!

What Happens To Your Vehicle After It's Donated? | Goodwill Car Donations

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Benefits of Donating Your Car

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Benefits of Donating

If you’ve bought a new car, you’re probably deciding what to do with your old car. Although you can trade it in or sell it on your own, there is another, more altruistic alternative. Instead of dealing with the hassle of getting rid of your old car on your own, you can donate it to a local charity.

There are many benefits to donating your car to a local charity. The most important benefit is that you will make a difference in your community. Your contribution can be used to assist those in need. Depending on the organization you donate your car to, you can also claim the contribution on your taxes, receiving a tax credit. In addition to this financial perk, donating your car can save you the time and stress associated with selling the car yourself or haggling over a trade-in value at the dealership.

Steps to Take

In order to donate your car, you will need to research the different charities in your area. Find a local charity that accepts vehicle donations and talk to them about what is required for the donation. Many of these charities will even pick up the car free of charge. Once you’ve arranged the pick-up date, focus on getting your car ready. Clean the car of any of your personal belongings and make the car look presentable.

On the pick-up day, you will need to have the car’s title and the key ready to hand over. Find these two things before the scheduled appointment and have them on hand.

Ready to donate your vehicle? Call toll free (866) 233-8586 today!

Benefits of Donating Your Automobile

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Donating Your Vehicle for a Tax Deduction

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Here’s The Reason Why

There are many great reasons to donate a car to Goodwill, such as helping to support a great charity and getting rid of your old car. But did you know that when you donate your car to Goodwill, you may be also be eligible for a significant tax deduction?

Why Goodwill?

Choosing Goodwill to receive your car donation is a great choice for you because you can rest assured that they will be able to provide you with all the necessary documentation for your tax deduction. Goodwill is able to do this because it is a federally recognized 501(c)(3) organization which means that it is eligible to receive tax-deductable donations.  You can search the IRS list of these organizations by looking at their Exempt Organizations Select Check.

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What are the IRS Regulations for Tax Deductions on Car Donations?

If you are interested in donating a car to Goodwill for tax purposes, it is best that you contact your tax preparer with any questions you may have. The IRS also has outlined specific guidelines on tax deductions for non-monetary donations in IRS Publication 561.

In the section on vehicle donations, the regulations are as follows:

– If the vehicle sells for less that $500: the donor can use their pick-up receipt as documentation to deduct the fair market value of the vehicle up to $500.

– If the vehicle sells for more that $500: Goodwill will provide the donor with the necessary documentation they will need to deduct the full selling price of the vehicle.

To find out if you are eligible to take a tax deduction, please contact the IRS at 1-800-829-1040 or visit their website at https://www.irs.gov/. The significant tax benefit is only one of the many great reasons to donate your vehicle to Goodwill.

Is It Better To Buy A New Car Or Lease One

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Buy A New Car Or Lease One

The decision to buy or lease cars can be a tricky one for some people. Buying a new car and then replacing it in a few years could mean that you lose a lot of money and this is what you would have to do if you always like to be driving around in something new. However when it comes to leasing a new car, there are a number of disadvantages as well as advantages which mean that for many people buying is always the better option.

Why It’s a Good Idea to Lease New Cars

  • When you lease a car it is possible to get a new car every time your lease expires. You need to remember that when it comes to leasing, the more often you get a new lease, the higher the monthly payments are going to be.
  • The biggest advantage of leasing means that people can actually get to drive a car that they would never be able to afford to buy. Leasing allows people to drive the cars of their dreams which is what people love.
  • Once your lease is up you can just hand back the car and you don’t have to try to find a buyer for it.

Why It’s a Good Idea to Buy a New Car

  •  You get the pride of ownership; no matter how long you lease a car it is never going to be yours.
  • Buying is always going to work out cheaper than leasing provided that you are going to keep the car for a few years.
  • If you want to buy a new car then you will have something which you can trade in and this can take quite a chunk off the price of the car.
  • There is normally a mileage limit with a leased car and the company will charge you more if you go over your allowance. There is no such worry when you buy a new car because how many miles you put on the clock will be up to you.
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After acquiring that great Nissan family car you’ve had your eye on for a long time, the next step will be to consider genuine Nissan parts. Also, it would be a great idea to think about Nissan Micra parts. These can be things such as Nissan qashqai accessories.

Leasing Vehicles

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Leasing Vehicles – Get Your Business Off To A Good Start

The country is still suffering economically making it extremely difficult to start a business at this moment in time. Leasing your company vehicles is a sensible method to save on acquiring a fleet. The money you would be paying on buying a vehicle outright can be saved for more troubled times. There is an abundance of van contract hire deals to choose from with most offering 100% tax benefits. Road tax is still required to be paid when leasing. Looking after your vehicle is far less hassle with leasing, and maintenance should be covered in your monthly payments. To seal the deal, leasing companies will sometimes offer free car accessories.

Despite it’s popularity, uncertainty still surrounds vehicle leasing. Many people still are unclear what leasing actually is. In terms of leasing vehicles, it involves dealing through a finance group who own the model you’re after. There are a number of top manufacturers to choose from, with a number of deals on Fiat van leasing and Vauxhall van leasing deals. A contract will stipulate a set of terms of conditions which states how much and how often payments should be paid to the finance business. Once the lease has run its course, the patron can take up the option to buy the vehicle outright. This is the aspect of leasing vehicles which appeals the most. When the lease expires after a year or two, you may decide that the vehicle is not for you or perhaps your business has hit a temporary glitch, you can simply trade it in for another.

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Leasing is becoming an increasingly popular way to finance a vehicle. If you are starting a new business and need some company vehicles, leasing can be an ideal solution. Businesses are at their most vulnerable in their early stages of growth. Instead of shelling out a fortune for a new vehicle, leasing involves parting with manageable amounts each month for the duration of the contract.

Car Donations in California

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Car Donations in California

California car donations are a great way to give back in the “Golden State.”  But don’t donate your used car or truck to just any charity.  Check out the charity you are considering very carefully first.  Why?  Because, sadly, many charities in California give only a small percentage to the needy.

But even if the ‘parent’ charity is good, the solicitation service for a charity may be keeping most or all of your donation proceeds; the charity may not get squat.  So you have to do a little research on any charitable organization before parting with your old vehicle.

Fortunately, we here at GoodwillCarDonation.org have done most of the legwork for you.  You simply need to click on your state (in this case, California) from the drop-down menu at the top of the website.  There will be information specific to the Golden State on the page for California.

On that page you will find links to the California State Attorney General’s Office, as well as the CA DMV (California Division of Motor Vehicles) and other helpful links.  But other sites you should visit are the “charity watchdog” websites.  These organizations keep track of most charities and grade them on their efficiency (or lack thereof).  Links to these car donation charity watchdog organizations can be found under “Car Donation Scams.”

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Giving your old car or truck (or NEW vehicle – if you are really generous) to a California car donation charity can be a rewarding experience.  Especially if you’ve done a quick background check of the charity and determined that it is indeed a bona fide charity that cares about people.

Also remember that you may qualify for a car donation tax deduction.  Depending on the condition of your donated vehicle, this amount could be more than you could get for the car at a salvage yard!