The “other guys” are almost always for-profit companies running a car donation program for one or more charities. Usually, the for-profit company retains the lion’s share of the proceeds from the sale of the vehicles at auction with the charity receiving, in many instances, less than 10% of the donation. Charity Cars, Inc. is a 501 (C) (3) non-profit charity and the first charity of its kind in the nation that is dedicated to actually providing these donated vehicles to struggling families. Vehicles which are not provided to recipients are disposed of at auction or salvage with 100% of the proceeds going to Charity Cars. To donate a car to Charity Cars, please use our online car donation form or call 1-800-242-7489.
The same day you provide our donations representative with your information, we will contact our towing service which will phone you within 24 business hours to establish a convenient time to pick up your vehicle. If you need to have your car picked up right away, in most instances, we are able to accommodate you. Just explain the situation to our donation representative.
Under the old rules, when you donated a vehicle to a charity, you could value the donation at the “fair market value.” This year, if you donate a vehicle to charity, you are limited to the sales price if the vehicle is sold, unless the charity uses the vehicle in its mission. If Charity Cars provides your vehicle to a struggling family, then you can still deduct the full “fair market value.” According to the IRS, the donor, not the recipient charity, must determine the “Fair market value” which the IRS describes as the price that a willing buyer and a willing seller would agree to if neither were pressured to do so. Assistance with vehicle values can be found at Kelly Blue Books website. (Use private party value as a guide).
We are happy to answer any additional questions that you may have. Please feel free to contact us.
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