Donating your car can be economically beneficial, too!

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.