GO REVIEWS HOME
BLOG
 
CAR INDEX
 
Hybrid & Green Cars
Hybrid Cars Guide
Best Green Cars 2007
Hybrid Comparison
 
Buying A New Car
Buy A Car Strategy
How to Buy A Car
New Car Quote
 
Buying A Used Car
Avoiding Scams
Buy A Car Online
Buy A Used Car After Bankruptcy
Buy Cheap Used Car
Buying A Cheap Used Car
Car Auctions
Car Purchase Price Calculator
Cars For Sale By Owner
Cheap Used Cars For Sale
How To Buy A Used Car
Japanese Used Cars
Tips to Buy A Used Car
 
Auto Warranties
Best Car Warranty
Extended Auto Warranty
Understanding Auto Warranties
 
Auto Loans
Auto Loan Calculator
Auto Loan Rates
Auto Financing Options
Bad Credit Car Loans
Best Car Finance Deal
Buying A Car With Bad Credit
Instant Unsecured Car Loans - UK
Low Auto Interest Rate Tips
UK Instant Auto Loans
Used Car Loans
Logbook Loans
 
Selling A Car
Selling A Car On Ebay
Selling A Car Online
Ways To Sell A Preowned Car
 
Auto Parts
Auto Parts Online
Cheap Used Auto Parts
Understanding Parts Of Car
Used Car Parts
 
Car Accessories
Britax Car Seats
Car Audio MP3
Car Entertainment Systems
Car Seat Covers
Car Stereos
Child Car Booster Seats
Choosing A Personal Plate
Satellite Car Radio
 
Car Care & Servicing
Auto Servicing Lights
Biodiesel
Car Neon LED Interior Lights Install
Car Stereo Installation
Changing Car Oil
Defensive Driving
Restoring Classic Cars
SUV Customisation
 
Other Car
Auto Detailing
Auto Art
Automotive Credit Cards
Car Donations
Motor Sports Online
 
Car Reviews
Best Sports Car
Chrysler Jeep Wrangler
Dodge Charger
Hybrid Cars
Lexus ES 350
Nissan
Honda Luxury
Midsize Sedans
Suzuki SX4
Car Safety Ratings
Car Reviews Online
Car Search Online
Cool Cars
Flying Cars
Muscle Cars
Naza Automotive
Pick Up Trucks
 
Related Car Sections
Car Electronics
Car Insurance
 
Auto Rental, Hire, Lease
Auto Hire Florida
Best Rental Car Deal
Car Rental Basics
Car Rental Cape Town
Car Rental Florida
Cheap Car Rental
Coupons For Rental Cars
Discount Car Rental
Economy Car Rental
International Car Rental
Las Vegas Car Rental
Lease A Car
Leasing Company Cars
Luxury Car Rental
Save Money Car Rentals
Take Over Car Lease
 
Auto Transport
Auto Transport Companies
Car Shipping Quote
Cheap Auto Transport
International Auto Transport
 
Other Car Resources
Car Links
 
RESOURCES
Product Recalls
Links

Car Donations and Charitable Donations

By: Allweb

The modern society, with its distinct wealth-based classes has always prided itself with a strong inclination to charity. From fundraising events to church donations, charity has become a way for helping others but also a way to get rid of some taxes. The tax benefit one gets from donating for charity is roughly proportional to the value of the donation of course. Lately, a new charity trend has formed, especially in the United States and Western/Central Europe, that of the car donation.

Car donations are practically give-aways of no longer wanted or heavily used cars, to charity organizations, individuals, companies or even institutions. In the United States, the tax benefit from such car donations is among the highest you can get from donations; hence the practice of giving away your old car when you buy a new one has become very popular. Usually, the charity organization you will donate your car too will evaluate it and set an estimative value for it, which will determine this tax reduction. For values that are under $500, the value of this reduction is set by the donor s own estimate of the car s value. Deductions for donations over this amount are usually limited by the selling price of the vehicle. The vehicles are either sold in auctions or through direct marketing.

Although the car donation program is a solid one in theory, it has been speculated that it could soon become a tax shelter . Since this could not be proven so far, car donations have steadily grown to a number of almost 1 million per year. This means that almost 1 million tax payers have reduced their taxes with sums of up to $600-$700 million each year, only through this type of car donation.

From a charity organization s point of view, the car donation program is one of the best fields to work with. Actually, it has come to a point where such non-profit organizations actually rely on car donations to keep their charity events possible. Some of them have their own car lots for donated cars and process them directly, while others rely on ads, auto auction companies and so forth. What most charity organization will do is take the donated car, sell it through the auction company and then distribute the money to local charity organizations, or further donates the money to a charity that the donor of the car indicated.

It is important to understand that the charity organizations selling donated cars don t get a profit from it, they only take a small quota of the sum to cover up their expenses. A trustworthy car donation charity organization will bring other charities and institutions a lot of money each year, genuinely helping them out. This said, it is expected that the car donation phenomenon will constantly rise with each year, if the same tax reduction laws are applied further on. Given the fact that it s one of the most solid and popular types of donations today, it s very unlikely that these reductions will be hindered by government in any way.

More resources on how to make a successful charity car donation can be found on our website: CarDonationExpert.com Here are a few other websites you might be interested in: Expert dog training and free car photos and wallpapers

 

Car Auctions

Car Resources And Products

Lemon Law Support - get remedy for that new car that just keeps giving your problems

Car Insurance Reviews

Find Car Manuals And Car Guides

Find Car Parts And Accessories

ChromeBolt.com - largest selection of brilliant chrome bolts and fasteners for custom motorcycles, cars, and boats

 

 
Bookmark and Share

GET LATEST PRODUCT REVIEWS
AND BUYING GUIDES BY EMAIL

Email:
Name: