To Donate or Not To Donate?
By Best Cash For Cars Co
If you are thinking about donating your car, it seems like a good idea. No doubt are you probably thinking that will help a good cause and that your car will provide more money to the charity than selling it yourself and give cash cash directly to a charity.
Unfortunately that is not the case. Why? In most cases, the administration costs and towing fees will be so high that it will leave very little money towards a good cause. For example, let's say that you have a car that you want to donate. If you donate your car, you can get about $500 tax deductible. This will then bring you about $100-200 after you file your tax returns.
So the charity that you donated to will call a tow truck to pick up your car and take it to a salvage yard. In most cases, the salvage yard will give any where from $150- $250 to the charity for the car. Because of towing fees, the charity will have to pay for the towing service and that amounts to about $100-$165 average plus the other miscellaneous fees the charity will have to pay. You may wonder, how much is the charity really getting for your car? After doing the math, the charity might be lucky to get a profit of $15-$30 from your car. As you see at the end, there is very little money left that goes to a good cause.
Now compare this to selling your car directly for best cash. Depending on your car, you will get between the range of $100-$500. This will leave you with enough money to keep some of it for yourself and give however much you desire to a charity of your choice. In this case, it is a win-win for you and the charity. They get more cash from you than giving your car directly to a charity.
At the end, you will be always better off to get cash and send your cash to anyone that you want, it can even be more than one charities of your choice.
If you have any questions and would like more details;
call 303-741-0762, text 303-918-2185, or send a request through our website www.bestcashforcarsco.com