Wondering What To Do With That Old Car, Why Not Donate It?
Keywords: auto parts, car parts, truck parts, cars, car donation
How many cars do you have in the driveway? One, two, maybe more? Do you use them all? Are they all really necessary? While it may seem that you need each car, it may be that having more than one is actually costing you more than you think.
Consider how much the insurance is costing you on that second car. Couldn’t that money be better spent elsewhere? Do you have children? Will they be going to college? The money that you are spending on insurance could be saved for a college education. College isn’t getting any cheaper; in fact, the prices are climbing more every year.
Here is a crazy idea, why not donate a car to a charitable organization?
Are you too busy to try to sell the car?
Is there any use for the old car?
There are organizations that would be willing to tow it away for you for the donation.
What are the incentives to donating a car?
Helping people in need (obviously).
An excellent chance that you could write off the resale value of the car as a tax deduction.
The organization would more than likely be very willing to let you know what price they received for the car when they sold it.
You in turn, would supply this information to the person who does your taxes so it could be put in your tax return.
In other words, this helps you as well as the organization.
A car donation works basically the same as any other donation with the exception that the organization will sell the car and then use the money that they receive for the car for something good. The organizations can be for anything. They can be cancer organizations, homeless organizations, Make a Wish type organizations, etc.
When you donate the car it is considered a donation for what the current Kelley Blue Book value is. The mileage is also considered in the value of the car. When you donate the car the organization will give you a receipt for the car with the current Blue Book value on the receipt. This helps in showing that the donation was a legitimate donation especially if the name and address of the organization is on the receipt. Another situation where a couple of bad apples have spoiled the whole bunch, some people have made up deductions so it is always a good idea to have proof.
If the person would sell the car and get more than the Blue Book value for the car they would have to report that as a gain and then report that on their taxes and actually have to pay taxes on that gain. But, if the person would get less than the Blue Book value the person would not be able to report that as a loss unless of course they were in the business of selling cars. In other words, a car salesman could report that as a loss but a grocery store owner could not.
Gregg Hall is an author living in Navarre Florida. Find more about this as well as other Auto Parts and Accessories at www.shop4autoparts.com
Previous Articles Highlighter:
What Do Women Consider The Perfect Handbag? (1)
As I recall, there are approximately five brands of handbags that are worthy of ownership Louis Vuitton, Coach, Prada, Gucci and Burberry. Your Handbag, although an accessory to your wardrobe, is not usually separately rewarded with compliments.
Don't Neglect Proper Etiquette When Enjoying A Cigar (2)
Restaurants have banned them as have most other public places. You can no longer smoke on means of public transportation, such as planes, buses and trains. This is why cigar lovers should follow proper smoking etiquette.
How To Make Your Home Stand Out From Your Neighbors With Curb Appeal (3)
If your garage is crammed full of stuff like mine is, keep it shut so that potential buyers aren't driving by getting a bad impression. Don't neglect the little things, as I said above something as small as a mailbox can detract from the appearance of your home.
You Don't Need A Reason To Give A Cool Gift (4)
You will actually be more appreciated by giving for no reason at all because few people do it. It doesn't have to be anything extravagant; you can choose inexpensive gifts just to show your love.
How To Choose Window Tint That Will Protect Your Car Interior And Your Wallet (5)
Tinting your windows will keep your dashboard from cracking, protect your console, and make it much cooler on hot summer days. Window tint also has another added feature in safety.
Will Advancing Technology And Gas Prices Make Sports Cars Go Away? (6)
Keywords: cars, performance, fast cars, car reviews, car care, car wax, car care products There are many sports car lovers who are afraid that they will soon go the way of the dinosaur because of high fuel prices and the advances in performance technology that is enabling family sedans to compete with sports cars in quickness.
Do You Know The Best Time To Water Your Roses? (7)
Find a healthy balance for your roses to be kept consistently moist, but not overly saturated. Gregg Hall is an author and internet marketing consultant living in Navarre Florida.
What Is The Best Way To Learn The Correct Golf Swing Quickly? (8)
While watching, you have the perception that if they can do it, so can you. It is ok to think like that, however, golf is a more complex game than you could ever imagine.
Why Kids Are Crazy About Extreme Sports (9)
These bikes are designed mainly for tricks and racing and are mostly used on dirt tracks and courses. Trickbladers use the same parks as skateboarders and wear specially designed roller blades with smaller thicker wheels and have an added feature called a grind plate to help them do tricks like sliding down rails.
Basic Nutrition Advice That Everyone Needs To Follow (10)
You need to avoid a high consumption of animal protein because too much of it can cause high cholesterol due to the high levels of saturated fat. Your body must also have a certain level of fat intake.
Newer Articles Highlighter:
How To Find Really Cool Gifts For The Bowlers In Your Life (1)
I personally use eBay for a lot of my shopping. Gift certificates are always a treat. You can find them online at various sites. Gift certificates to their favorite bowling alley can be purchase in person or by mail in most areas and if you have someone to by a gift for who is an avid bowler they will surely appreciate the gift of a few games.
Some Definite Must Haves For All Golfers (2)
Certain tips on improving golf are available through books, interest magazines and the net. Never hesitate on reading them and broaden your knowledge on the game whenever possible. Once you have all five of these, you will only be a step away from the actual fulfillment of your golfing dreams.
How To Quickly And Easily Improve Your Credit Score (3)
To check the accuracy, check it about year before applying for a loan. There are sometimes blunders such as a late payment stated, when, in fact you paid on time which can take about anywhere from 30 days to 3 months to process!
How To Easily Install Interior Window Shutters Yourself (4)
If you choose to mount outside of the frame you will attaching to the wall or existing trim just to the outside of the opening of the window. Usually the frame will surround the shutter panels on three or four sides, depending on whether or not a lower sill exists.
How To Decide Which Type Of GPS System You Need (5)
You should look for one that is waterproof with a color screen and a batter that will last for a long duration. Also look for programmable mapping features. You will want to be able to upload maps of rural areas you may be going to, or if using it near shore, you will want marine maps.
Things You'll Need To Know To Buy The Right Snow Plow (6)
For most people who are just using the unit for clearing their own driveway, a straight-blade will more than likely be just fine, but if you use it to make money then you'll want to be able to do the job quick and efficiently, so you may want to go with the multi-position.
Things You Need To Know In Order To Find The Best Web Hosting (7)
Network UP Time Any company you decide to go with should have at least a 95% up time, meaning they have the correct T lines for transmittal of data. This also means they will stay online even when traffic on their server is drastically increased.
Steps You Need To Take In Order To Be A Successful Reseller (8)
Test a few different products in your niche and see which ones are the most popular and the most profitable. Once you have found one or two products target these and become an expert on them, finding the best prices you can and become the best you can be at marketing them.
Did You Know The New IPods Can Do All Of This? (9)
Keywords: electronics, ipods, ipod, mp3, The iPod has evolved from an introductory techno gadget to a household name in just a few short years and along the way it has developed some cool features.
Why You Should Plan Trip To The Emerald Isle Of Ireland (10)
Of course the things that many people think about when thinking of Ireland are the castles, which there are many of. If you like, you can even arrange to stay at some of the castles as they have been renovated for such use.
Permalink to Wondering What To Do With That Old Car, Why Not Donate It?