When people think about charity organizations and what to donate, the few things that come to mind include used clothes, books, money, and furniture. Cars as a donation seldom become an option, because they think that it is unusual. When individuals want to get rid of a car, the first thing that comes to mind is to sell it.
However, there are numerous benefits and advantages when you decide to donate your car to reputable car donation charities. If you happen to have a car that you want to get rid of and look for options on what to do with it, below are some reasons to donate your car to a charity.
Provide Resources to a Charity
Unlike other organizations, charities are non-profit organizations that rely mostly on donations to thrive. Because of this fact, the majority of them lack resources for their day-to-day operations. Deciding to donate your car to a charity means they no longer have to buy one, which means they can allocate the money to other meaningful projects.
Donating your car to a charity can help their organization in numerous ways, depending on their operations. For instance, a charity that provides meals to the elderly will surely benefit from your car donation because they will be able to reach far-flung areas. Thus, reaching more older people in the process.
Get a Good Tax Write-Off
According to an article by Rawhide, giving away your vehicle to reputable car donation charities can provide a healthy tax write-off and valuable funding. By donating your car to a charity, you might essentially save more compared to selling it directly to another party.
There are two common options that you can choose from when donating your vehicle for a tax deduction. Depending on your vehicle’s value, you can claim an upwards of $500 immediately (upon donating), or you can wait until the charity sells your car; if you think its value is more than $500.
It Will Make You Feel Good
It might sound clichéd, but giving is better than receiving. Donating your car to charity can give you an empowering feeling, which can make you feel good, fulfilled, and happy. Some studies have even shown that donating is an effective overall mood booster because it gives off the same feeling when you experience pleasure from things that you enjoy.
A No-Hassle Transaction
One disadvantage of selling your car is the entire process you need to do to get rid of it. For instance, you would need to pay for ads in the newspaper, hoping that someone can read it and get interested in your car, which incurs marketing expenses.
Another option would be to make a post on social media pages. However, this means you may need to entertain a lot of inquiries and questions over messaging platforms. If you put your contact number, some individuals might reach you and haggle over the selling price through the phone.
When you donate your vehicle to a charity, you avoid all the potential hassles of selling the vehicle yourself. The process is so easy and simple that you won’t break a sweat.
Donating a vehicle to a charitable organization is a win-win situation. You experience the advantages and benefits, while the charity of your choice adds to their resources to improve their operations. However, you should make sure that you donate to a reputable and trusted organization so that your donation meets the regulations and provisions of tax laws.