December is here which means it’s National Car Donation Month! This month is a time to recognize the great opportunities that come with vehicle donation. Donating your car is a great way to give back to charities. However, be aware of fraudulent programs that will try to capitalize on your generosity. By using a car donation program such as Car Donation Wizard, you’ll have full transparency along every step of the vehicle donation process. Not only are you helping those in need during the holiday season, but also giving back to a charitable cause that means something to you.
Here are some other benefits of donating a car to charity:
- Tax deduction. If you itemize deductions on your income tax return, it may be possible to claim a tax deduction for your charitable car donation. Donors who itemize their taxes may deduct the fair market value of any donated car up to $499. If your vehicle sells for over $500, you can deduct the full selling price.
- Positive impact on the environment. 75% of an automobile can be recycled. Car Donation Wizard takes pride in sustainably recycling the majority of vehicles that are donated.
- Highest dollar returned to charity. We proudly return 75-80% of every gross dollar from the sale of your vehicle to the organization of your choice– the highest of any vehicle donation program! We’ve proudly raised over $200 million for our charity partners. Most car donation programs return between 15-35% of the gross back to charity but report it as 50-70% of the net proceeds. When choosing your car donation program, be sure to ask about the percentage of gross proceeds that will be returned.
Before you donate your car, be sure that the charity is an organization you know and trust. You can use a website like Charity Navigator to find a nonprofit that supports a cause close to your heart.
Here are some nationally respected charities that accept vehicle donations:
- Habitat for Humanity
- American Cancer Society
- Car Talk Vehicle Donation Program
- Special Olympics
How to Donate Your Car
Car Donation Wizard is an easy and efficient way to donate your vehicle. We are proud to say that 70-80% of the gross proceeds will be returned to your selected charity, higher than any other vehicle donation program! Car Donation Wizard is partnered with many notable charities, click here to view our full list of charities. To donate your car, all you have to do is select your charity, fill out our online vehicle donation form, and schedule your free vehicle pickup!
Get in the holiday spirit and donate your vehicle today by visiting us online or giving us a call at (877) 957-2277!