Donate Your Car Or Sell Your Car?

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Donate Your Car or Sell Your Car
If your car is in good working condition, you may be able to sell it and use the proceeds to donate to a charity of your choice. However, if your car is not in good working condition, you may still be able to donate it to a charity that accepts donated vehicles. Before deciding, research the options available to you to ensure that you are making the best decision for you and your chosen charity.
Advantages of Selling Your Vehicle
There are several advantages to selling your vehicle instead of donating it.
• First and foremost, selling your car will generally net you more money than donating it, which means you can put that money towards a new vehicle or anything else you might need.
• Selling your car allows you to have more control over who buys it and what they do with it; when you donate your car, you may not always know where it goes or how it will be used.
• Selling your car may be less of a hassle overall than donating; while donation centers can be convenient, they may not always be located close by, and the process of donating your car can ...
... sometimes be time-consuming.
Ultimately, the decision of whether to sell your car or donate your car is up to you; both options have their own set of advantages and disadvantages.
Contribute Your Automobile for a Tax Reduction
If you donate your car, you may be eligible to take a tax deduction. The amount of the deduction will depend on the fair market value of your car and whether the charity sells it, uses it, or gives it away.

If you're considering donating your car, check with the charity first to see if it accepts donated cars. Some charities have their own vehicle donation programs, while others use third-party companies to handle vehicle donations.

Once you've found a charity that accepts vehicle donations, be sure to get a receipt for your donation. This will be important come tax time.
Those looking for a quick way to sell their used or damaged cars, can use CashForCars.com