Selling the car is of course an option in such situation. In fact, this is the most popular option that is available these days. But, there are much complexities involved in selling a car. You have to put advertisements and then wait for the clients to arrive. Then, you have to convince the client about the deal and finally when you get the hard earned money, you have to give away a considerable part of it as sales tax.
The car donation is certainly the greatest option that you can choose at such a situation. It is completely free of hassles. In fact, there are plenty of other advantages that are there when you donate your car. So, have a look at them.
The most obvious advantage of the car donation is that it lets you get rid of the hassles and you can relax. You no longer have any responsibilities towards the warranty on your car. Also, you can donate a car in any condition. That means, even if the car is not in the working condition, you can donate it.
As is told earlier, the car donation helps you get rid of the hassles that are involved in the selling of a car. Naturally, it saves a lot of money as well. However, there is another big way through which the car donation can save a considerable amount of money for you. When you donate car, you don't have to pay any sales tax for that. That means the equal amount of the market value that your car has will be deducted from your sales tax.
In fact, donating a car has twice the value of its original price. For, you are getting the complete tax deduction while donating the car and at the same time, the organizations are getting money out of your donation. In most of the cases, the organizations auction the car and use the money for charity.
Finally, it is an easy process. You just have to visit the site of the charity that you think most deserving. There you will find a car donation form and you have to fill it up. Normally, this will take a few minutes and it will ask you about the car that you want to donate. However, there are certain things that you have to be aware of here. First, make sure that the site is authentic and has the right to accept the donations. Also, it is good to have some ideas about the tax laws. Another important thing is documentation. You must get written documents on the car donations.
