If you are trying to donate your car to charity, there are several things that you need to pay attention to. Most people think it's as simple as having your car towed away, but in fact there are a few aspects that often get overlooked. To guarantee that both you and your charity of choice receive the maximum benefit possible, follow this guide.
Starting things off, you need to select a charity that will directly accept your used vehicle. Why is that important? There are many organizations that act as middle-men to charities, accepting car donations and in turn passing some of the profits on. Many of these middle-men groups only pass on a small percentage of profits - sometimes as low as 5%! Take the time to research and find a charity that doesn't deal with for-profit organizations.
Your next step is to ensure you've handled your taxes the right way. It is vital that you get the correct value of your automobile.If your car sold for more than 500 dollars, you will need to get a receipt from your charity and fill out additional tax forms. Anything less than 500 dollars and you don't need to fill anything extra out. Keep in mind that if the Charity donates your used truck to a family, you will receive a deduction equal to Kelly Blue Book value.
Next thing, make sure you transfer your title over the right way. Do not take this step lightly - it's mandatory to make sure that you are not liable for your former vehicle. If you neglect this process, you will be held responsible for things such as parking tickets and even damages incurred by your old car. Avoid charities that want you to leave the new owner section of your title blank - it is vital that you fill this part out.
To create a win-win situation, follow the above steps and take the time to do your research. If you don't, it's entirely possible that you could end up dissatisfied or worse, in trouble with the law. Think about it - do you want your car's title to still have your name and address on it even after you've donated it? Make sure you do your due diligence to prevent something disastrous from happening. After all, you are trying to do something generous in the first place - why not make sure that you do it right?
Car Donation California [http://www.cardonation-california.com] is the premier resource for understanding how to donate your car correctly, and includes recommended charities from you to choose from.
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