Back in 2004, the rules in the US on donating a car changed. No
longer could you take thousands of dollars worth of tax deductions. The
American Jobs Creation Action of 2004, limited these deductions. And
this had the effect of suddenly making donating a car less attractive.
Cars now go for rock bottom prices at things like charity sales and auctions. So it’s not surprising that donating a car has become a lot less popular.
But there are still reasons to donate. Here are just a few.
Even if the charity can’t use the car, they can often get something if they decide to scrap the car for parts. This, of course, reduces the value of your education, but at least you are freed from the liability. Read More: AutosHype.com
Cars now go for rock bottom prices at things like charity sales and auctions. So it’s not surprising that donating a car has become a lot less popular.
But there are still reasons to donate. Here are just a few.
Get Rid Of A Car That Lacks Title
Most charities will still take a car, even if it lacks a proper title. This means that you can quickly and easily get it off your front drive. But it also means that you get to avoid all the costs involved in establishing proper title.Even if the charity can’t use the car, they can often get something if they decide to scrap the car for parts. This, of course, reduces the value of your education, but at least you are freed from the liability. Read More: AutosHype.com
No comments:
Post a Comment