A search about how to donate an old car will yield thousands, if not millions of results. All of them claiming how easy it is donate an automobile, so easy that all you have to do is pick up the phone and theyll be at your door, tow truck in hand; not only that, you get tax breaks too.
The Truth Of The Matter
The truth of the matter is, donating a used car is not as easy as they say it is. Aside from differing state regulations, the IRS has set sanctions on car donations due to rampant fraud. For example: the state of California requires a donor to fill up a liability release form, while Maryland asks for the Maryland Notice of Security Interest Filing. One thing in common for all states though, is that they all require the Car Title as a prerequisite for contribution.
Finding A Qualified Charity
The most important part of giving away your car for a good cause is to look for the right charity. Finding an institution with the same agenda as yours is akin to interviewing an applicant for a certain position. The pivotal move is to ask questions. Some charities have a number of programs and may be flexible in assigning your donation to a certain goal in...
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