It is a
common misconception you only lose money when you donate your old car. First of
all, you are doing something good for someone. So, it is okay to not think from
the financial point of view. If you want to know how it is economically
beneficial, this blog post is for you.
Let’s first put our focus on expenditures
associated with an old car. You have to pay for its repair and maintenance. It
also occupies unnecessary space in your garage. As an owner, you might be
already paying for its insurance. Save yourself from these spending by donating
your car. And as the old adage goes: money saved is money earned.
When
donating your car to a tax exempt organization, you can enjoy tax write off.
This is something a lot of car owners aren’t aware of. The organization you are
donating the car to provide a receipt that you can attach when filing for your
income tax in the next year. The exemption will be on the basis of the fair
market value of your car if they give it to the poor on the amount of their net
proceeds of a sale.
These
factors show that car donation is not a poor choice, financially or otherwise.
If you are searching organizations for vehicle
donation in Atlanta, trust Cars for
Christ. They use the proceeds from selling old car for food, clothes, Bible,
and other essential stuff for the needy. Read more about this ministry and
their works from here: http://www.carsforchrist.com/. Clarify all your car
donation-related queries through this number: 770-784-9999.
