Posted on: 25 September 2017
If you have a vehicle that you no longer have any use for, and you really are not interested in selling it, you might want to consider donating it. If you have never donated a car before, you might not be familiar with the benefits of it. Therefore, you will want to take a few moments to check out the following:
You Get A Tax Break
There might be a limit on how much of the value of the vehicle you will be able to claim as a deduction on your taxes. That is something that you will want to clarify with your tax accountant. However, any deduction is a good thing, as this will reduce the total amount of taxes that you will have to pay out or it could increase the amount of your refund.
You Are Helping Those In Need
Many of the places that will accept donated cars are taking them in order to fix them up and give them to people who are struggling. Those who receive the cars may have recently lost everything in a natural disaster, they and their children may be on the run from an abusive situation and need to start over, or they could simply be in need of a vehicle to get to school so they can better themselves.
Help Future Mechanics
If you would like to do your part to help make sure that those who are studying to become mechanics are going to get as much hands-on experience as possible, you will want to talk to local schools with mechanic programs to see if they could use your vehicle for one of their classes. After all, you just never know when one of those students will be your mechanic in the future. You want them to be as well-versed in auto repair as possible.
You Simply Don't Have To Wait
If you were to insist on selling the car, you might find that you have to wait a very long time before it sells. This could mean a lot of wasted time on your part because you will have to make yourself available to anyone that wants to look at the car and test drive it. Instead, you could simply donate the car and be done with it.
Make sure that you are taking the time to research the best place in your area to donate a car. Contact a company like Action Donation Services for more information and assistance.Share