Donations are a great way to help the ones who are in need and to
assist people who need to improve their standard of living. Therefore, there
are many non-profit organizations in every part of the world asking people to
donate anything they like to include books, clothing, accessories and also
their vehicles. As people do not bother
to give away their articles and precious money, the charitable institutes have
taken this job of donating the articles and money to the needy. Further, the
charitable institutions also do accept your used items and donate them to the
other people who are in need. For example, your used blankets and clothes are
donated to the poor people and the toys are donated to the needy kids.
These days, car donation has become quite popular; yes it is quite
weird that car is also being donated. Now, the society and the quality of life
of the people can be improved as used and junk vehicles can also be donated. Old
vehicles require much maintenance and spending your hard earned money on the
vehicle parts is actually of no better use. Instead of investing your money and
buying parts to replace the old parts, you should go for buying a new car. Now
that you are planning to get a brand new car, you must also think about your
old car. Keeping your old car in garage is of no use. There will be wastage of
space and many animals and flies will find a home for themselves. The perfect
option will be car donations. If you are thinking to sell it, it is actually a waste
of time and in turn you will get no great benefits.
If you donate your car you can belong to the humanitarian society which
helps the poor people and works for the betterment of the society unlike those
societies that work for self development. After car donations you will be fully
satisfied and feel contented and very happy. There will be a smile on the
people’s face to whom you have donated the car. There are actually many
benefits that you can gain by donating a car. Further, car donating is tax deductable
and hence you need not have to pay a single dollar for donating a car.
There are actually many ways of donating done by the charitable
institutions. Some organizations auction the car and make use of the money for
the benefit of the clients. If you wish to donate your car in this category of
charity the tax deduction will be limited to the gross proceeds from sales. For
instance, if the market value of the car you are donating is $1600, but at
charity auction you are only getting $450; then the deduction amount will be
nothing more than $450. At some organization, the car will be donated to a
family or will be sold below market price. Here, the entire market value will
be deducted; however the charitable institution has to give a statement regarding
the reduced price of a car.
