Donate Your Used Car, Truck, SUV to Charity!
Did you know that you can donate your current car, truck or SUV to any charity, not just the non-profit organizations that advertise that they are seeking vehicle donations?
When you use SmartCarOptions to donate your car to charity, both you and your charity will benefit. You will get more from the sale of your vehicle than you would get in tax savings from donating directly to a charity! Our customers receive cash back instead of a small tax savings. Our customers can then choose to donate any or all portions of the sale proceeds to the charity of their choice, which then determines the tax savings.
Remember, your actual tax savings when donating your vehicle directly to a charitable organization could be roughly half of the original tax deduction (what the car sold for at auction.) Using SmartCarOptions allows you to receive the full amount for your car and you decide which charity should benefit from the proceeds and the desired amount of tax savings for your unique situation!
Did you know...
The IRS allows you, the taxpayer, to claim a tax deduction of the value of your vehicle up to $500 or the price the vehicle actually sells for? For this reason, anyone donating a vehicle must make sure their vehicle will sell for the highest price possible. Using SmartCarOptions will help you realize the maximum amount for your car and allow you the ability to achieve the highest tax deduction possible.
Additional benefits of using SmartCarOptions when donating the proceeds of your vehicle sale:
- SmartCarOptions has the experience and knowledge to sell your vehicle for the highest price possible. Put our experience to work for you and the charity of your choice.
- We handle the entire sales process. Our clients do not have to spend their valuable time managing the transaction, which include searching for charities that are experienced in processing vehicle donations, collecting valuation information about their vehicle, insuring that they are complying with current IRS regulations, and completing all title transfer requirements.
- Realize the financial benefits of your donation immediately. When donating your vehicle to charity, you have to wait for the vehicle to be sold and receive an official letter stating the sale price. This could take weeks or months! When using SmartCarOptions, your car will be sold and you will receive the proceeds very quickly and then you will be able to donate the proceeds right away.
- Remember, most charities will not be able to realize the fair market value for your vehicle donation! While some charities will accept vehicles as donations, most are forced to wholesale them to a local dealer or an auto consultant, due to a lack of expertise selling cars. These dealers or auto consultants command high profit margins for their companies, sometimes receiving as much as 50 percent of the vehicle's sale proceeds! This greatly lowers the benefit the charity receives and possibly your tax deduction. When using SmartCarOptions, the proceeds from the sale of your vehicle go directly to the charity, not a for-profit corporation.
In short, this is them same exact, easy process of donating your car, but you receive a larger amount in cash than a smaller amount in actual tax savings.
You can make a difference in your community by donating your vehicle to a charity of your choice. We can help. Call SmartCarOptions at 260-493-7000 today!