How Do Car Donation Programs Work?
September 21st, 2017
There are typically three ways you can get rid of an old car; you could sell it to a used-car dealership, you could exchange the old vehicle for a new one (and snag a little discount in the process), or (if your car is too old to be used) you could dispose of it at a scrap store for a few dollars. But what if you heard that, as a fourth option, you could donate it to someone who’s in need of a car, as a charitable donation? That’s what car donation programs are all about, and here’s a few facts about how they work.
How do car donation programs work?
Car donation programs are a way to link up people who have no need for their used cars, with people who badly need a vehicle, but who are unable to get one through purchasing or other options. Often the people who receive donated cars are in low-income families, where parents may be working several jobs that require cars, but do not have the means to afford them for whatever reasons, including accidents, disabilities, alcohol and drug problems, or loss of the primary or secondary earning family member.
How do you go about donating your car?
As a car-owner, if you decide to donate your car via a car donation program, it’s a simple and straightforward process. You can search for a non-profit near you which runs a car donation program, and ask them about their process for taking a donated car. You normally need to fill out an application form (online or in print), schedule a time for the pick-up, and then deliver your car to the tow truck at the scheduled time.
Who is eligible to receive a donated car?
Authentic car donation programs carefully select eligible recipients through a careful process. Some programs even require people who seek a donated car to apply to their program. To qualify as a recipient, applicants may need to reach certain criteria, which could include:
A valid driver’s license
Age limits and insurability
A certain minimum number of weekly working hours
Ability to meet the expenses that come with car ownership (fuel, repairs, etc.)
How does car donation benefit the recipient?
In many, or even most, communities in America, it’s almost a necessity to own a car – so of course the primary upside of receiving a donated car is that people are able to go to work; but there’s more. Unlike used-car dealerships, which promote great offers that mask inauthentic guarantees, poor vehicle history, or high-interest loans, car donation programs offer used cars at prices lower than the market rates, and guarantee low-interest loans. Car donation programs also offer social advantages to the recipients, because in many low-income families, the absence of a reliable means of transportation tends to affect employment, education, and the development of extracurricular skills in kids.
How does car donation benefit the donor?
If you think that as a donor, there’s nothing in it for you except the joy of ensuring that a family on the other end of the deal sees better days, think again. Several car donation programs allow you to deduct your donation against tax, and it’s a good way of managing an old asset you don’t need any more in a way that doesn’t need to cost you.
So, if you’ve got an old car that you’re considering replacing, look into some good car donation charities in your neighborhood before you consider other options, because here, everybody wins.
If your interested in donating a car or receiving a car click here to get more information.