Looking to get rid of a used car? You may have considered selling your vehicle, but be prepared for the headache, hassle, and time involved in that.
Donating a vehicle to charity may not put cash directly in your pocket, but you’ll get a sizeable tax deduction instead. It’s also the easiest and quickest way to get rid of a used vehicle.
Hassle-free process.No paperwork or negotiation required
24 hour Quick pickupNo state filing issues or safety concerns
Tax deductibleProceeds benefit charity
Selling a car takes a lot more time, energy, and effort than you may originally expect. Here’s some of what you’ll need to do in order to sell your car.
You’ll need to put together the title, VIN, a bill of sale, and other documents.
Clean your car, have it inspected for any problems, and determine the market value.
Take pictures of your vehicle and pay to advertise it on different platforms.
You’ll have to meet with multiple prospective buyers and negotiate price and conditions of the sale.
Settle on a secure payment method, and block your personal information from old car documentation.
Kars4Kids has made donating your used car so easy that you can have it gone in three insanely easy steps.
That’s all there is to it! You’ll get a tax-deductible receipt emailed to you (or you can request a hard copy) and you’ll be all set to receive your tax deduction.
When you donate your old car to charity, you don’t just support the charity’s cause while getting rid of your vehicle quickly and responsibly. You also get the maximum tax deduction and a free vacation voucher.
How much tax credit do you get for donating a car?
In general, you want to make sure that the charity you are donating to is a legitimate 501(c)(3) non-profit charity, or you won’t be able to deduct your car donation. You'll also want to make sure that the organization has a lot of experience with accepting car donations and that the proceeds actually go to the programs the charity is claiming to support.
• Kars4Kids is a 501(c)(3) charity that’s been around since 1995, a full quarter of a century. They’ve dealt with over 500,000 car donations and process all car donations in-house, allowing the full proceeds of each donation to go directly to their charity programs.
In most cases, it's illegal to sell a car without the title. When you donate to a charity, however, they’ll usually help deal with everything and apply for a new title for you.
Selling a car can take anywhere from 4-8 weeks or longer, unlike donating which takes 24-48 hours.
(If you’ve been reading articles about how to sell your car fast, they probably should have been retitled to selling your car fast-ER.)
Charities like Kars4Kids can accept a vehicle in almost any condition, but you will find the private selling market for non-running vehicles much more challenging. You may have to fix it or sell it for parts, or figure out how to transfer it to a scrapyard.
My experience was great. No problems whatsoever and I got rid of an old car I no longer wanted and did not have to pay anything plus a got a nice tax write off - over the $500 so they sent me a tax form to use on my tax return. No complaints here. Thank you!
Ellen E. -- California