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Cars and Transportation
Reply to "Donating old car needing minor repairs - Rec?"
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[quote=Anonymous][quote=Anonymous]Vehicles for change. They either sell at auction, fix and donate to a needy family or fix and sell on their lot. I donated two cars and in each case could have sold them easily for about $1000 but got a $5000 donation for one (Infiniti sold at auction) and $7000 deduction for the other (Saab sold on a lot). They money all goes to fix up cars that are given to families in need. It is an awesomely me organization. They will come and tow away from you.[/quote] I haven't donated, but I have a friend that did. They got a significantly bigger deduction receipt than they expected from other charitable donations. Because they put the cars back into service, they can give you a FMV deduction which is typically greater than the KBB value or other values that most charities give. [url]https://www.vehiclesforchange.org/fair-market-value-for-donations/[/url][/quote]
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