Help with budget/car decision please? - The DIS Discussion Forums

cuterlt · 11-26-2009, 02:07 AM

So, my car needs a new transmission and we don't think it's worth fixing. So do we sell it for $400 (someone has made an offer) or do we donate it to a good cause and get a tax benefit? Which would be better?

akcire · 11-26-2009, 02:17 AM

Sell the car.

Many charities end up owing wholesalers after they receive car donations, and get no money for their cause (this is true even of working cars that are newer model years). Additionally the tax laws have changed and you may not realize the write off you expect. Must better to sell the car, and if you want to make a donation send the charity money.

woodkins · 11-26-2009, 11:17 AM

Our accountant advised the same thing...to sell the car on our own.

11-26-2009, 02:07 AM	#1
cuterlt DH will do the laundry...when no one has any clean undies left People here are so much more friendly. ;) Join Date: Aug 2000 Posts: 1,223	Help with budget/car decision please? So, my car needs a new transmission and we don't think it's worth fixing. So do we sell it for $400 (someone has made an offer) or do we donate it to a good cause and get a tax benefit? Which would be better?

11-26-2009, 11:17 AM	#3
woodkins DIS Veteran Join Date: Feb 2009 Location: Long Island, NY Posts: 815	Our accountant advised the same thing...to sell the car on our own. __________________ -Krysta Ebay ID:HotsyTotsyKids*Customs 12/09 POP, 9/09 GF, 2/09 POFQ, 12/08 POLY, 5/08 POLY, 12/07 POLY, 5/07 ASSp, 12/07 CB, 9/07 AKL, 12/06 ASMo, 9/06 WL,

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11-26-2009, 02:17 AM	#2
akcire Mouse expert, computer challenged I am flushing myself to Disney Join Date: Jun 2009 Location: Naperville Posts: 341	Sell the car. Many charities end up owing wholesalers after they receive car donations, and get no money for their cause (this is true even of working cars that are newer model years). Additionally the tax laws have changed and you may not realize the write off you expect. Must better to sell the car, and if you want to make a donation send the charity money.

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