Tired of looking at those unwanted cars in your yard? Here are a few tips and tricks you can use to donate them and create a win-win situation for both parties involved:
Verify the Condition of Your Vehicles
Whether or not the vehicles you want to get rid of are running, it's important to make sure you have a full understanding of their condition before donating them so an accurate value can be placed on them for tax purposes. Have an experienced and licensed mechanic come to your home and inspect each car and provide you with a full report for each of them. The reports should document whether a vehicle runs, and if so, what needs to be repaired to optimize its performance.
If a vehicle isn't running, the report should outline everything that needs to be done to get it on the road. Otherwise, the report should explain why it can't be salvaged as a drivable car. This information can be used to put a fair value on each vehicle you want to get rid of and will help the charity determine what to do with the car once you've donated it to them.
Make Sure the Paperwork Is in Order
Once you've had the vehicles inspected, you need to make sure that you have paperwork for each of them that proves you are the registered owner of them. If you don't have a copy of the registration for any of the cars, you will need to request new copies from the department of motor vehicles in your county. If a vehicle hasn't been registered in recent years for some reason, you may have to pay a fee to bring the registration up-to-date before you can donate it. If you request a salvage title for any vehicles you want to donate that aren't working and can't be repaired, you may save some money on the registration fees for them because you won't have to worry about licensing it for the road.
Consult With a Tax Professional
After inspecting your vehicles, getting their paperwork in order, and donating them to your chosen charity, it's a good idea to consult with a tax professional so they can help you claim all the deductions you're eligible for due to donating your vehicles come tax time. Make copies of all the paperwork you fill out or receive when donating your vehicle, as your tax expert will likely need them to figure out which deductions you should be claiming.
Making use of these tips and tricks will help ensure that your vehicle donating experience is a positive and financially fruitful one. Contact a company like Action Donation Services to learn more.