Whether you're deciding to donate a non-running car, you should exhaust different options, including repairing or selling it. But to help you decide, here are a few advantages of donating a car that doesn’t run.
- Dispose of a vehicle without a title
If you have a vehicle whose title is missing, donating can be a great way to dispose of it. When you donate a non-working car, make sure that your local charity will issue paperwork for your deduction. Some charities revert the vehicle back to "donor" status for lack of proper paperwork. In any event, at least you get rid of an old car and save yourself the hassle of dealing with the fine print on titles and paperwork!
- Free Tow and Pick-up
Some charities will accept non-running cars but might not offer free pick-up, and others will offer it as part of their policy.
In case the charity does not have the means to tow your wrecked or old car, the charity can deduct the towing cost from the car’s value. Meaning, if it is sold for $500 and the towing cost is $200, you’ll only receive a receipt for $300, which is lessening the amount that you can write off from your taxes.
If you still think the costs outweigh the benefits of retrieving your vehicle, we encourage you to try selling it instead.
- No effort in selling
Avoid the hassles of selling your non-running car yourself by donating it. You won't need to pay for newspaper ads to find someone interested in buying your vehicle. Of course, there are car buyers like Junkcarsus who have a smooth buying process that makes it easier than ever to sell your non-running car.
