Checklist For Vehicle Donation
Automotive and Cars December 8th, 2007It is a good decision that you want to donate an auto, this definitely shows your moral conscience and duty towards society but wait “Is your donation going into the right hands?”.
It is important to see that the car donation company is a genuine one. There had been scandals where the major portion of the proceeds is kept wit the non profit organization itself and a very minimal amount actually goes in to the handy of real needy people. This will be a complete waste of your donation.
To avoid such a scenario always check the credentials of the company you are donating your vehicle, be it car, truck, auto, boat or any thing. Vehicle donation should be done in reliable hands. Another thing to keep an eye is on the appreciation of your vehicle value. May a times to keep their share; the companies do not assess the value of the vehicle properly. This in turn is a major loss to you because you will get lesser tax benefit. Your tax benefit depends on the amount you have donated. So keep a watch and avoid any such type of eyewash.
A car donation company with good reputation and network in good number of states is a safe bet. Before donating your car, make sure to talk to them openly, about what are their assessment methods and exactly where the proceeds will go. This should give you a fair idea to make the correct decision.