There are a couple of main reasons you would want to donate a wrecked car. Aside from the obvious heartwarming feeling you can get knowing your old salvage vehicle will be used for a good cause, there are a couple of other benefits for you as well.
- Using Your Wrecked Vehicle for Recycling
If you want to donate a salvaged car, there are plenty of charities that will take that car and recycle it for you and take the cash and use it to benefit the lives of others. There are a few ways a charity might turn your junk car into money to put towards helping others. Many of them will actually use a junk car removal service like JunkCarsUS or salvage yard, but not all of them. Some of them will take the scrap metal from the car and take it to a recycling plant that will pay them per ton of metal they can reuse.
So on top of knowing your car will be used to brighten someone else’s day, you can rest easy knowing your car will be reused in a way that benefits the environment as well.
- Get a Tax Deduction
One of the main benefits of donating a wrecked car to you is that you can use that donation as a tax write-off the next time tax season rolls around. When you donate your junk car to a charity (that is registered as a 501(c)(3) not-for-profit), you will receive a receipt for your donation that you can use as a tax write-off. If the car is sold for less than $500, you will be able to write off the full $500 on your next year's taxes. If it is valued at more than $500, you can write off the exact value of the salvage car.
