The Benefits of Car Donation

Thursday, October 29, 2015 7:14 PM

VFC | Car DonationThere are a number of ways to help the less fortunate in your community. From serving food at a local soup kitchen to donating your old books to a homeless shelter, options are plentiful.

Giving of your time and money are also very important for the success of non-profits, food pantries, and shelters in your community.

One huge way to help others, though, is often missed by those who want to help others: You can donate your old automobile.

Car donations are an excellent way to help provide for a family in need. Moreover, it gives that family a shot at upward mobility.

Here are a few of the benefits of car donation.

Car donation is fast and simple: Donating your car is a simple way of taking it off your hands, saving you from the hassle or stress of having to sell it online or  trading it in to a used car dealer. Getting rid of an old car can take months if you try to sell it yourself.

Tax deduction: One of the financial reasons people consider a car donation is taxes. If you donate your car, you can deduct the value of your donation from your tax return. Depending on the charity you donate to, this price may be close or equivalent to what you will make from selling the car. When you donate your car, get a few estimates of its value to be as accurate as possible, and make sure you donate to a qualified, IRS recognized, tax-exempt charity. The value of your deduction depends on how the tax-exempt charity uses your donation.

Providing job opportunities: Your car donation has the potential to open doors to previously unreachable job opportunities for the recipient. By providing a family with a means of independent transportation, you make it possible for individuals of that family to seek employment beyond walking distance or public transportation limits. You also provide families with a means of driving their children to extracurricular activities, giving them a better life and a better potential future. Mobility is such an accepted part of life for people with cars that one forgets how helpful independent transportation is.

Satisfaction of helping your community. There is a sense of pride and satisfaction that comes from doing something helpful for your community. Serving in charities and donating your goods is a way of feeling more connected to your community, and a way for you to interact with people from different walks of life.

Contact Vehicles for Change for more information. We are here to serve.