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Car Donation

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Car Donation

 

What is Car Donation?

 

A car donation is a form of good cause whereby you donate your car to a charity of your choice.  There may be times when you decide to sell your old used car and it doesn’t worth much and don’t know what to do with it and so you may choose to donate the car instead. 

 

For whatever reasons that you choose to donate your car, car donated to a non-profit classified with the IRS as a 501(c)(3) charitable organization are deductible from your federal income taxes.  These charities will supply you with the necessary paperwork to claim your tax deduction for your car donation.  But most importantly, it helps to make an amazing difference to someone in need!  Many charities will be happy to arrange for the car to be picked up and even if your car is too old to move, they will even be happy to tow it away for you at the cost from the charities. 

 

All costs associated with the car donation should be assumed by the charity or car donation charity.  If they do not do so, it is better that you do some further investigations into their business reputation and practices.  However, costs associated with obtaining a duplicate title or transferring the plates from your donated vehicle, and any insurance you need until the donation is complete, remains the donor’s responsibility.

 

However, in the case of the donor has financed the vehicle, the charity will need proves stating that the loan on the vehicle has been paid off. If that document is not available, please request a letter on the financial institution’s letterhead stating that they hold no security interest and have it signed by the financial institution’s authorized agent. After the title is transferred, remove the license plates from the vehicle and return the plates to the MVA, unless you are transferring the plates to another vehicle. Keep your receipt from the MVA when you return your plates. Keep insurance coverage on the vehicle until the date the plates are returned to the MVA or transferred to the new vehicle. Once you have donated the vehicle and either returned or officially transferred your plates, cancel the vehicle insurance for the donated vehicle.

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Car Donation Charity List

Here is a list of charities which you can donate your car to that you may find useful.

car donation BMW