Charities are always in need of funding from generous recipients.
If you have an old car that has been sitting in storage over the last few years, why not consider donating it? You would be helping out a charitable organization and you won’t have to deal with the hassles of finding a buyer. Best of all you get a tax deduction when it comes time to file your taxes.
If you decide to go this route, here are five tips to donate a car Milwaukee.
- Avoid middlemen: There are no shortages of organizations that offer to help donate your vehicle to charity. But these intermediary organizations typically keep between 50 to 90 percent of the proceeds. To prevent this, it’s best to donate directly to a charity of your choice but check first to see if they accept car donations.
- Find a worth charity: The next step is to find a charity worth donating to. Do your research to find a reputable charity as not all operate in the same manner. Check the actual site and read reviews online for the organization are plan to make a donation.
- Know the status of the recipient: If you donate a car to charity, you can claim a tax deduction when it comes time to file your tax return. But the charity must be a 501(c) organization for your donation to qualify. Contact the charity first and ask them to verify their status.
- Check if your donation is accepted: Some organizations are pickier than others. For example, some charities won’t accept inoperable vehicles. If your car doesn’t run, contact the organization to see if they will accept your donation. Be prepared to provide basic information about the car including its condition.
- Make the delivery yourself: Most charities are happy to organize free pickup and transport of your car. But if your vehicle still operates, drive down to the charity yourself. This helps the charity maximize the donation without having to pay someone to pick up your car.
- Transfer with care: Donating a car is similar to selling one. You still need to go to your local DMV to transfer the vehicle’s title. Otherwise you could be liable for violations if the car is still in your name.