{"id":3155,"date":"2021-10-18T08:52:05","date_gmt":"2021-10-18T08:52:05","guid":{"rendered":"https:\/\/www.kars4kids.org\/hub\/?p=3155"},"modified":"2021-11-21T10:39:56","modified_gmt":"2021-11-21T10:39:56","slug":"net-gain-of-400-percent-on-57-chevy-donation","status":"publish","type":"post","link":"https:\/\/www.kars4kids.org\/hub\/net-gain-of-400-percent-on-57-chevy-donation\/","title":{"rendered":"Net Gain of 400 Percent on ’57 Chevy Donation"},"content":{"rendered":"

What would you say if we told you that donors often realize a net gain by donating their cars? “What?” you might ask, “Making more money donating a car than the donor actually spent on the car in the first place? That makes no sense.”<\/p>\n

Well, it happens more than you might suspect. Case in point: a member of our marketing team, while making small talk at a social event, was asked where she was employed. Our employee responded that she worked at Kars4Kids.<\/p>\n

\u201cWhoa,\u201d said the guy who had asked the question in the first place. \u201cI actually donated a car to them, once upon a time.\u201d<\/p>\n

\u201cReally?\u201d responded our employee.<\/p>\n

Fixer-Upper<\/h2>\n

\u201cYup. My uncle had a \u201957 Chevy<\/a> that was in terrible shape. But he persuaded me to buy it at a bargain price, telling me it was a \u2018fixer-upper.\u2019 Uncle Jim told me that if I put in some time fixing it up, the car would be worth much more. He sold the car to me for $100.<\/p>\n

\u201cI honestly thought it would be a fun project. But I was just getting started in the real estate business, and I didn\u2019t have time to work on the darned thing. The car just sat in my garage, taking up space.<\/p>\n

\u201cMeantime, I kept hearing the Kars4Kids jingle on the radio during my daily commute to the office, and wondered if they\u2019d take that piece of junk off my hands. I thought maybe it was in such bad shape, they wouldn\u2019t accept it as a donation.<\/p>\n

\u201cI called them anyway and they said, \u2018Sure we\u2019ll take it.\u2019 They came the same day, towed away the Chevy, and I got a $500 tax deduction.\u201d<\/p>\n

\u201cWhat a story!\u201d said our employee.<\/p>\n

Net Gain of 400 Percent<\/h2>\n

\u201cYeah,\u201d said the former \u201957 Chevy owner. \u201cMy uncle was right. That car turned out to be a good investment. I paid $100 for it, and got a $500 deduction, a net gain of 400 percent! Not bad for my first investment, right?\u201d<\/p>\n

\u201cWhoa,\u201d said our employee, impressed. “What amounts to a profit<\/a> of 400 percent for a car in bad condition? I think that’s amazing!”<\/p>\n

\u201cYeah. When I told my uncle, he laughed and said he should have donated it in the first place, and gotten the deduction himself. \u2018Live and learn,\u2019 he said.<\/p>\n

“I had a good laugh. But the truth is, I was really happy to donate a car that was essentially a piece of junk, and not only get a deduction, but help kids in the process.<\/p>\n

\u201cI was glad I\u2019d had the idea to donate that car. But the jingle is really what triggered the thought in the first place, so hats off to your marketing team,\u201d said the donor.<\/p>\n

“Nice to Be Appreciated.”<\/h2>\n

\u201cThank you!\u201d said our beaming employee. \u201cIt\u2019s nice to be appreciated.\u201d<\/p>\n

Incidental exchanges like this one happen all the time, and these unsolicited testimonials make our work a pleasure. Maybe that\u2019s the reason we walk into work each day with smiles on our faces. Because we know we\u2019re doing right by our donors, giving great service while helping children, too!<\/p>\n","protected":false},"excerpt":{"rendered":"

What would you say if we told you that donors often realize a net gain by donating their cars? “What?” you might ask, “Making more money donating a car than the donor actually spent on the car in the first place? That makes no sense.” Well, it happens more than you might suspect. Case in […]<\/p>\n","protected":false},"author":7,"featured_media":3157,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-donor-stories"],"yoast_head":"\nNet Gain of 400 Percent on '57 Chevy Donation - Kars4Kids Hub<\/title>\n<meta name=\"description\" content=\"Car donors often realize a net gain because buying a beater for cheap still yields a $500 deduction when you donate the car to Kars4Kids.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kars4kids.org\/hub\/net-gain-of-400-percent-on-57-chevy-donation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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