Is your old car costing you more in upkeep than it's worth? You could try to sell it and have strangers come to your home, go for test drives, etc. This can be a great hassle for most people, and downright dangerous also. There is another option: donate the car to charity.
The Davis Memorial Foundation was started in 1978 as a way for charities to make money. You give you car to charity, they sell it for a profit, and you gain a good break on your taxes. A win-win situation for all.
A lot of charities are accepting car donations. The program has become more complicated since the reform of the program by the Internal Revenue Serivice in 2004, but it can still benefit both you and the charity.
The return for the charity has not been as successful as they hoped and a lot of the smaller charities have discontinued the program. There are expenses involved in selling the car that reduces the profit to be made. Some charities have decided that it is not worth it to continue. However, most of your larger charities like The American Red Cross, Salvation Army, American Council for the Blind, just to name a few, have the time and resources to handle car donations.
You can research the different charities that accept car donations on the Internet or call them by phone in your local area. The charity representative will come to your home and pick up the car and handle all of the paperwork for you. If the car is not drivable, they will arrange to have it towed.
The car will have to have a valid title clearly showing you as the owner. You will be required to sign it over to the charity. It's that simple.
Donating your car to charity will not only make you feel great for helping others, but will give you a tax advantage, too. Like I said, win-win!
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