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donating a vehicle

  1. #1

    donating a vehicle

    I want to donate the '91 ranger. Anyone have any charities to suggest?

    a friend recommended recycle for gold to aid the special olympics:

    Recycle for Gold: Tax Questions

    seems like the law since 2005 is that anything above $500 will be a writeoff of what gross profits the charity receives

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  2. #2
    Super Moderator OreoGaborio's Avatar
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    donating a vehicle

    yeah my family's given a couple of cars to the Special Olympics... they came & picked em up & everything.

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    113CI&It'sblackcherry#78 beet's Avatar
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    donating a vehicle

    Only if Pete din't want. it.

    Quote Originally Posted by OreoGitorio View Post
    yeah my family's given a couple of cars to the Special Olympics... they came & picked em up & everything.

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    calm like a bomb mikeb's Avatar
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    donating a vehicle

    the boss was going to do that with his heap. i'll ask him for some details when he comes in. btw thats a pretty cool thing to do.

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    Just Registered ChrisNoF4i's Avatar
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    donating a vehicle

    I'm gonna drive a truck. Yayyyyyy!


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    Littering and........ highsider's Avatar
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    donating a vehicle

    Quote Originally Posted by ChrisNoF4i View Post
    I'm gonna drive a truck. Yayyyyyy!


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    Just Registered ChrisNoF4i's Avatar
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    donating a vehicle

    But seriously XR80guy, when it comes to vehicles there are two types of charitable donations:
    1. Intended purpose: You donate the vehicle to a charitable organization and they use the vehicle to carry out the everyday activities of the organization. You can deduct the fair market value of the vehicle.
    2. Resale: The charitable organization sells the vehicle to get cash for the organization. You can only deduct the amount that the organization receives, and the organization will provide you with a Form 1098-C certifying that amount.

    Either way, your only benefit is an itemized deduction i.e - a tax savings of 10-35% of the deductible value of the vehicle (depending on what tax bracket you're in).

    If you're really just looking for a tax deduction, check out http://www.goodnewsgarage.org/

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    Backwoods lobster boy number9's Avatar
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    Re: donating a vehicle

    I know this thread is 10 years old, but whatever.

    I need to get rid of the old Subaru Outback and it's not worth selling on CL. Anyone used a donation service recently? I listen to WERS Radio, and they have a program, so if there's nothing else worthwhile then I could throw it to them...

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    Lifer snwbrdr435's Avatar
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    Re: donating a vehicle

    Quote Originally Posted by number9 View Post
    I know this thread is 10 years old, but whatever.

    I need to get rid of the old Subaru Outback and it's not worth selling on CL. Anyone used a donation service recently? I listen to WERS Radio, and they have a program, so if there's nothing else worthwhile then I could throw it to them...
    What year? I may be interested in it for parts...

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  10. #10
    Backwoods lobster boy number9's Avatar
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    Re: donating a vehicle

    Quote Originally Posted by snwbrdr435 View Post
    What year? I may be interested in it for parts...
    2001.

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  11. #11
    Lifer 01xj's Avatar
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    Re: donating a vehicle

    We used the ASPCA vehicle program. Took the 500 write off and called it good. We just wanted it gone.

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  12. #12
    Used to know a thing or 2 eboos's Avatar
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    Re: donating a vehicle

    ♩♩♩ 1-8-7-7-Kars for Kids. K-A-R-S Kars for Kids. 1-8-7-7-Kars for Kids. Donate your car today. ♩♩♩


    You have to hear it on the radio to fully appreciate how annoying these commercials are.

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  13. #13
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    Re: donating a vehicle

    Quote Originally Posted by eboos View Post
    ♩♩♩ 1-8-7-7-Kars for Kids.
    DIE IN A FIRE FOR REMINDING ME OF THAT GOD DAMNED JINGLE!

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  14. #14

    Re: donating a vehicle

    I donated a ranger before!!

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    Re: donating a vehicle

    Quote Originally Posted by number9 View Post
    I know this thread is 10 years old, but whatever.

    I need to get rid of the old Subaru Outback and it's not worth selling on CL. Anyone used a donation service recently? I listen to WERS Radio, and they have a program, so if there's nothing else worthwhile then I could throw it to them...
    I donated to NH NPR through cartalk.com recently. Was really easy and quick. Car sold for less than $500 at auction so they recommended that I take a $500 deduction. I probably could have sold it for 300 (it ran and drove but needed a lot of work to pass inspection), but this was just easy.

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