{"id":4318,"date":"2021-12-15T15:32:45","date_gmt":"2021-12-15T15:32:45","guid":{"rendered":"https:\/\/www.kars4kids.org\/hub\/?p=4318"},"modified":"2021-12-20T19:38:22","modified_gmt":"2021-12-20T19:38:22","slug":"how-long-does-it-take-to-sell-a-donated-car","status":"publish","type":"post","link":"https:\/\/www.kars4kids.org\/hub\/how-long-does-it-take-to-sell-a-donated-car\/","title":{"rendered":"How long does it take to sell a donated car?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4318\" class=\"elementor elementor-4318\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f5217a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f5217a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-933f0d0\" data-id=\"933f0d0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48624fc elementor-widget elementor-widget-text-editor\" data-id=\"48624fc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">&#8220;So I donated my car. When is it going to be sold?&#8221;<\/span><\/p><p><span style=\"font-weight: 400;\">First of all, thanks for donating! <\/span><\/p><p><span style=\"font-weight: 400;\">Every car that we get is in a different condition- it might be new, beat up, <\/span><i><span style=\"font-weight: 400;\">really<\/span><\/i><span style=\"font-weight: 400;\"> beat up, <a href=\"https:\/\/www.kars4kids.org\/hub\/scrap-car\/\">scrap<\/a>, new that went through an accident, in decent shape, etc., etc. The list goes on.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">We assess your car based on the information you provide us, such as year, make, model and condition. We then arrange for your car to be towed away and you get a temporary receipt.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If we decide to sell it to a junker, we\u2019ll know the price right away and we let you know.\u00a0 If we sell it to an auction house, it gets bidded for and sold within 4-6 weeks. The <a href=\"https:\/\/www.kars4kids.org\/tax-deduction.php\">tax deduction<\/a> in both cases is based on how much the car sells for, not its value.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">If your car sells for under $500, you can claim the fair market value for up to a maximum of $500. If it\u2019s over $500, the deduction is the full sale price. Either way, <strong>you can claim the deduction for the year the car was picked up in<\/strong>, not the year it was sold.\u00a0<\/span><\/p><p><span style=\"font-weight: 400;\">However, if there is an issue with the <a href=\"https:\/\/www.kars4kids.org\/titles.php\">title<\/a>, it can take months to sell, no matter what the value is. It depends on how quickly the donor can fill out the paperwork and how long the DMV takes to issue a new title (some states can take two weeks, others a few months).\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8e7e64e elementor-widget elementor-widget-heading\" data-id=\"8e7e64e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Does my car need to be sold before I get a tax deduction?\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1f57322 elementor-widget elementor-widget-text-editor\" data-id=\"1f57322\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In order for us to know how big a tax deduction you earned, we have to get a price for the car first. If we send the car to a junker, we\u2019ll know right away. If it goes to an auction house, where it\u2019s bidded on, we don\u2019t know the price until it sells. Even though we won\u2019t have the amount yet, the deduction will still go toward the year the car was picked up.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e88a1af elementor-widget elementor-widget-html\" data-id=\"e88a1af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script type=\"application\/ld+json\">\r\n{\r\n  \"@context\": \"https:\/\/schema.org\",\r\n  \"@type\": \"FAQPage\",\r\n  \"mainEntity\": [{\r\n    \"@type\": \"Question\",\r\n    \"name\": \"How long does it take to sell a donated car?\",\r\n    \"acceptedAnswer\": {\r\n      \"@type\": \"Answer\",\r\n      \"text\": \"\\\"So I donated my car. When is it going to be sold?\\\"\r\n\r\nFirst of all, thanks for donating! \r\n\r\nEvery car that we get is in a different condition- it might be new, beat up, <i>really<\/i> beat up, <a href=\\\"https:\/\/www.kars4kids.org\/hub\/scrap-car\/\\\">scrap<\/a>, new that went through an accident, in decent shape, etc., etc. The list goes on.\u00a0\r\n\r\nWe assess your car based on the information you provide us, such as year, make, model and condition. We then arrange for your car to be towed away and you get a temporary receipt.\u00a0\r\n\r\nIf we decide to sell it to a junker, we\u2019ll know the price right away and we let you know.\u00a0 If we sell it to an auction house, it gets bidded for and sold within 4-6 weeks. The <a href=\\\"https:\/\/www.kars4kids.org\/tax-deduction.php\\\">tax deduction<\/a> in both cases is based on how much the car sells for, not its value.\u00a0\r\n\r\nIf your car sells for under $500, you can claim the fair market value for up to a maximum of $500. If it\u2019s over $500, the deduction is the full sale price. Either way, <strong>you can claim the deduction for the year the car was picked up in<\/strong>, not the year it was sold.\u00a0\r\n\r\nHowever, if there is an issue with the <a href=\\\"https:\/\/www.kars4kids.org\/titles.php\\\">title<\/a>, it can take months to sell, no matter what the value is. It depends on how quickly the donor can fill out the paperwork and how long the DMV takes to issue a new title (some states can take two weeks, others a few months).\"\r\n    }\r\n  },{\r\n    \"@type\": \"Question\",\r\n    \"name\": \"Does my car need to be sold before I get a tax deduction?\",\r\n    \"acceptedAnswer\": {\r\n      \"@type\": \"Answer\",\r\n      \"text\": \"In order for us to know how big a tax deduction you earned, we have to get a price for the car first. If we send the car to a junker, we\u2019ll know right away. If it goes to an auction house, where it\u2019s bidded on, we don\u2019t know the price until it sells. Even though we won\u2019t have the amount yet, the deduction will still go toward the year the car was picked up.\"\r\n    }\r\n  }]\r\n}\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>&#8220;So I donated my car. When is it going to be sold?&#8221; First of all, thanks for donating! Every car that we get is in a different condition- it might be new, beat up, really beat up, scrap, new that went through an accident, in decent shape, etc., etc. The list goes on.\u00a0 We assess [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4341,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,39,71],"tags":[],"class_list":["post-4318","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-donation-process","category-qa","category-car-donation-tax-deduction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How long does it take to sell a donated car? - Kars4Kids Hub<\/title>\n<meta name=\"description\" content=\"Find out how long it takes to sell a donated car and how fast you will get your tax deduction from Kars4Kids.\" \/>\n<meta name=\"robots\" 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