The idea of donating a car is growing in popularity as more and more Americans are now interested in reaping some tax related benefits. But, if you are also one of those persons who are currently thinking of donating their car, you should proceed only after paying attention to quite a few things. Here are few important things that you should learn about before finally donating your car to a charitable organization.
o The very first important thing that most people don't understand is that even "clunkers" possess some value. What it means is that if you think your car is a piece of crap, you better get in touch with car donation organization to confirm it. You will be surprised to see your car offering some value. It is due to this particular reason that even if you have a car with a faulty engine, you should still consult with a company to donate it. But, don't forget to tell them about problems you have in your car.
o The other important thing that every car donor should keep in mind is that he is not responsible of issues available in his car after the car being picked up by the organization. This is something that you should keep in mind as there are some organizations that may bother you saying that your car has this issue or that issue. However, you should also bear this in mind that you have to take care of all fines or storage charges until your car is picked up. Once an organization picks up your car the car and everything related to it is their responsibility. So, know your rights when thinking of car donation.
o In addition to these two things, there are few other things as well that has to be taken into consideration. One important thing is to receive a temporary receipt for your car from your selected towing company. This receipt is to be taken at the time they pick up your car. This receipt works as evidence that you donate your car through a specific organization or company. It contains information about your car and contact details of organization or company picking it up. It is with the help of this receipt that you can follow up after donating your car. So, do make sure you don't forget to get it.
These are the most important things that you need to learn about car donations. Yes, there are many other strings attached to the whole idea of donating a car, but these are the most common issues. However, it is recommended to spend some time in learning about other issues so you may be able to find a right organization for car donation to get maximum tax benefits.
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