If you have an old clunker car laying around, you may have been trying to determine if you want to donate the car or sell it for a profit.
Many people think they cannot get any value out of a wrecked, damaged, or older model car but that couldn’t be further from the truth.
We know all about getting the most value from your car, no matter the condition and we are here to help you make the best decision about that old clunker.
Here are the Different Ways to Donate or Sell Your Car for Cash:
Donate Your Car for a Tax Deduction
Donating your car doesn’t mean you are getting a cash return.
You may be eligible for a tax deduction depending on the quality and value of the vehicle.
According to TurboTax, you can deduct up to the amount for which the charity sells the vehicle.
Although you don’t get much in return in terms of monetary value, you did get rid of the old clunker and you can donate to a good cause, which we will talk about next.
Donate Your Car for a Charity
You may have some charities and causes close to your heart and this is a great way to give back.
When choosing a charity make sure you choose one that is reputable to make sure your donation is benefiting something worthwhile to you.
If you already have a charity in mind, make sure you contact them either by phone or website to see if they accept car donations.
If you don’t have a specific charity in mind, we love to recommend Kars 4 Kids.
You simple call, schedule a pickup time, and receive a tax deductible receipt from them + a Free 2 Night Vacation as a thank you for donating to their cause.
Donate a Car that Doesn’t Run
If your car has been in an auto accident or simply just doesn’t run, most charities will not accept your vehicle.
Most non-profit organization that accept car donations have a set of requirements on the condition of the car before accepting the vehicle.
Make sure to check with the charity before you donate your car to make sure it meets their guidelines.
Sell Your Car
If donating doesn’t sound like the option for you, there is always the option of selling you car directly to Cash 4 Clunkers – no matter the condition.
We give you payment of the car at time of pick-up and we literally buy cars for cash in ANY condition.
If you feel strongly about a certain charity but they do not take car donations, you can sell the car for CASH to us, and turn around and donate the cash to the specific charity of your choice.
Choosing to Donate or Sell Your Vehicle
In the end, it boils down to what your personal choice is and wether your can can be donated in the condition it is in.
If you find that your car is not in the condition necessary to donate, as mentioned above, you can always SELL YOUR CAR FOR CASH and donate the cash in place of the car.
Want to find out how much your car, truck or SUV is worth in CASH?
Fill-out our Cash Offer Form or Call Us Now for a Free No Obligation quote.