Have you ever donated a car to charity?
We're thinking of doing this with our older car, and I was wondering what other people's experiences were.
Our car is a 1999 Cavalier with 140,000. The A/C isn't working, there are some minor cosmetic blemishes, but overall, it still runs fine.
It's worthless as a trade-in, and we could try to sell it outright, but really- it's not even worth all that much, and I'd rather give it to a good cause.
Any ideas or experiences would be appreciated.
Yes I did. I donated our minivan whose engine had seized this past spring. The car was 10 years old and not worth enough to fix it. The mechanic wanted to charge me $150.00 to get rid of it.
I called Goodwill which was advertising they wanted cars even in non-working order. A company - Cars for Charity came and got it. They only thing I did differently (which I read as a tip on the goodwill site) is that Cars for Charity wanted me to give them the title with the buyer info blank. I insisted on putting Cars for Charity in the buyer portion. I wasn't going to have a blank title with me still responsible for the car floating around not under my control. They weren't happy with it but did give me all the information to fill out the title successfully.
The tow truck that picked up the car gave me a receipt. About a week later I got a formal receipt that they had picked up the car. About a month later I got a receipt for my taxes that the car had sold for, therefore my donation equaled $550.00.
It was pretty painless. And instead of having to shell out $150.00, I now have a tax receipt, in accordance with the new IRS donation rules, for a $550.00 donation. And the money went to a good cause.
Here is Goodwill's webpage that gives you details on donating a car:
(just google goodwill+car donation - can't post links yet)
About Donating Vehicles
Many Goodwill agencies accept vehicle donations. Some vehicles are used as part of Wheels-to-Work programs that provide reliable transportation to help people stay on the job. Other Goodwills use the proceeds from the sale of your vehicle to fund important job training and employment programs for people with disabilities and other disadvantaging conditions that keep them from being successful in the workplace.
Beginning January 1, 2005, taxpayers can deduct only the proceeds the charity gets from the sale of the car. Donors must receive a written acknowledgement from the charity that includes the sale price of the vehicle. If the charity uses the car for a charitable purpose, such as a Goodwill wheels-to-work program, donors may deduct the fair market value of the vehicle, and must obtain written acknowledgement from the charity that states how the car will be used. The charity must provide you with written acknowledgement within 30 days of the sale of the car or, if the car is to be used for a charitable purpose, within 30 days of the donation.
If you are donating your car:
Give to charities you know and trust.
Find out which nonprofit organizations accept car donations, and whether or not the car has to be in working condition.
Find out how your donation will be used and what percentage of the charity's revenues fund mission-based programs versus administrative costs. Goodwill Industries channels 84 percent of its revenues into its job training and career services.
Ask if the charity uses a third party to sell the car and, if so, how much of your donation the charity keeps.
Sign the title over to the charity or its agent. Do not leave the title blank under any circumstances: many illegitimate charities ask that the title be left blank, making you liable for the vehicle months after you donated it.
Valuate your car based on the fair market value, taking into consideration your vehicle's condition. For guidance, use the “private party” or equivalent category in one of the accepted used car guides, such as the Kelley Blue Book, or consult with your tax advisor. (This will change after January 1, 2005). The charity is not permitted to determine your vehicle's fair market value; the tax receipt is proof that you made the donation.
Keep the records of how you valuated your car, as well as photographs, maintenance records, and other evidence of its physical condition.