Tips To Help You Identify The Best Place To Donate A Car
Donating a car to charity is a great option instead of getting rid of it. It is the most recommended option instead of selling it by yourself. However, you need to keep in mind that there are certain considerations to follow. The many available charities can make it hard to identify the right one to donate to. Keep reading for you to know what you should consider when looking for boat donation or motorcycle donation .
It is vital for you to be aware of the IRS guidelines that govern charitable donations or . Have a look at the IRS website to know what limitations they offer on contribution deductions. It will be easy for you to know the market value of the car. You can talk to a professional financial advisor to get guidance on complex tax issues. Consider identifying a legit charity. Consider looking for one with a good history. A good charity will have their details on national charity and IRS database especially if they deal with donation cars for sale or donate car for tax credit.
It is essential for you to that all charities are not equal. For you to determine if they use donations well, check their records of spending. There are reputable sites where you can check their reputation for you to make the right decision. Get recommendations from friends who have previously donated their vehicles to charity. Let them share their experiences and make your decision based on their opinions. Go for a charity that has been in existence for a considerable time. You will have comfort to know that they are genuine given their past history. Check client testimonials and reviews for you to know more about their reputation.
In addition, the charity you select needs to accept the donations directly without the use of any third party.
It is best for you to drive the vehicle there as opposed to using towing services so that the charity can be able to retain the full amount they get from any proceeds. Request for references and make calls to some of them. You will get information about the processes they use and their reputation. References will shed insight on what is not provided on the website.
Also, after donating the vehicle, the title needs to be transferred accurately. Failure to do the transfer process means that the next owner will not be held liable for any accidents or crime but you. A legitimate charity will ensure you fill this information on the paperwork. It is important for you to keep scanned copies for tax audit purposes if you donate car to charity or donate boat to charity.