Why Now is the Perfect Time to Donate Your Car to Goodwill
In case you have an old car, you may want to dispose of it in order to acquire a new one. There are not many chances available in the market through which you can dispose of an old car, or at least not many where you feel you have gotten a fair amount for it. Two of the most common opportunities at your disposal include selling the car to second-hand car yards. You may also choose to donate your vehicle to charity causes.
The benefits of donating your car to Goodwill
Although most people tend to prefer selling second-hand cars to dealers, this option is by far less advantageous as compared to making a goodwill donation. Donating your car to Goodwill for charity causes is significantly beneficial, both to yourself as well as to the community that benefits from the donation. Here are some key benefits and processes involved when donating a car to Goodwill for charity.
- It gives you a sense of satisfaction
Whenever you get an opportunity to donate your car to Goodwill for charity, it gives you a chance to contribute to the welfare of society in general. The feeling that you get after making such a donation gives you a great sense of satisfaction. An average second-hand car may cost up to around $5,000 in resale value. It, therefore, implies that you will have contributed an equal amount worth of an asset that would come in handy in helping fund various charity causes that will be of help to the society at large. Besides, it also shows that you have a sense of selflessness and that you are willing to partake in contributing to the welfare of the disadvantaged and less privileged in society.
- To donate your vehicle to charity is simple and easy
The process of car donation to Goodwill for charity causes has been significantly simplified and made easy. Goodwill, a reputable charity organization in the society today, partners with other organizations to ensure any donations can be channeled to the right cause to help other persons in need.
All that you need to do when seeking to donate your second-hand car to the organization is to make a phone call and have the charity organization take out the rest of the process to facilitate successful donation and transfer of the necessary car documentation. The steps involved in car donation are far less and easy as compared to the process and steps involved in disposing of the car by selling it to second-hand car dealers. Also, the volume of paperwork required to be filled by you as a car owner is much less.
- Saves you the hustle of negotiations
The process required to donate your vehicle to charity is much simpler and less involving as compared to the more likely alternative of selling the car to car dealers. In most cases, you will have to engage in constant negotiations with such dealers as you try to recoup as much profit as possible from the sale. Such negotiations are mind-bogglingly challenging and consume most of your time and resources.
Sometimes, the benefit gained from the said negotiation is either too small or non-existent altogether. This is because you will probably have to pay taxes from the proceeds of the sale, or even have to pay your negotiators a negotiation fee. This is much more challenging, demanding, and expensive as compared to if you were to donate your car to goodwill for charity purposes. In such a case you will not have to engage in unending negotiations.
- Tax deductions
When you donate your vehicle to charity causes, Goodwill often gives you the opportunity to qualify for tax deductions. The IRS allows such tax deductions for vehicles that cost up to $500 through a second-hand dealership or auctioning. You may need to utilize the opportunity presented by making a car donation to Goodwill to ensure you benefit from the huge tax deductions and exemptions. At a personal level, such tax deductions may come in handy in helping you to achieve other personal financial goals that you may have. Comparatively, selling the car to secondhand dealers will have you pay huge taxes that will impose a financial liability upon you.
- Free towing services
From the moment you desire to donate your vehicle to charity through Goodwill, the charity organization takes up a major part of the entire process to facilitate a seamless and fast transfer. Goodwill facilitates towing of vehicles donated for charity purposes irrespective of their location in the country. If you desire to make a car donation, Goodwill will facilitate the process of obtaining the car from wherever it is.
When you decide to donate your car to Goodwill for charity, you don’t have to be physically present for Goodwill to take up your car. As long as you have filed the necessary paperwork, Goodwill has partnerships with various organizations and car yards to collect such vehicles from your point of preference. This arrangement saves you much cost that you would have incurred to tow or drive your vehicle to Goodwill offices for a successful car donation to charity.
- Saves you much on maintenance
Second-hand cars often incur huge expenses to maintain them in pristine conditions. Such cars, having clocked-in thousands of miles, easily break down on critical parts such as the engine. They may also require additional sensitive part replacements which require huge maintenance costs. The maintenance expenses suffered in such cases normally exceed the benefits you would reap if you were to donate the car and seek to buy a new one. When donating the car, despite its age and condition, you do not need to worry about painting it as Goodwill takes up the responsibility to ensure appropriate restoration is done to make it roadworthy and thereafter dispose of it accordingly.
- Help make a difference in society
Donating your car to charity gives you an opportunity to contribute directly towards the social development and betterment of your community. Upon donating a car, Goodwill organizes on how the car is going to be transformed into an asset of social use across society. The car may be sold, and the proceeds used to build social amenities such as schools, hospitals, and other items of social importance to the society. In most cases, the said proceeds come in handy in helping finance the non-profit organization’s operations. The funded programs generally help better society in tremendous ways.
- Goodwill may help you get another car
When you donate your car to Goodwill for charity, you get an opportunity to acquire a new and better one. Goodwill does have car yards around the country from where you can visit and see vehicles on auction or sale. Generally, having donated the car to goodwill for charity purposes gives you a bit of an added advantage whenever you go to a Goodwill yard to try and buy a new one. In this regard, the organization may offer additional free guidelines and advice on how to acquire a good vehicle that would suit your needs after successfully donating your vehicle to charity.
- Saves you space
Making the decision to donate your vehicle to charity lets you free up some storage space that you would have otherwise consumed in your home to store it. Your garage would probably not be able to hold two vehicles at ago. Giving out your old car, therefore, frees up some space to ensure you can acquire a new one and conveniently store it in your garage. It also saves you additional costs that come with expenditures such as cleaning and washing it among other minor maintenance issues such as wiping off dust and repairing punctures.
The process of making a successful car donation to Goodwill
Goodwill has significantly simplified the process of successfully transferring a vehicle from your possession to charity. To donate your car to Goodwill for charity purpose, Goodwill requires you to undertake just five simple steps that are easy to accomplish.
- Notify that you wish to donate your car to Goodwill
The first step that you need to take is to notify Goodwill of your intentions to donate your vehicle to charity. You can do this by either filling an online form where you are required to fill the vehicle’s details including the year of manufacture, the vehicle’s make and model, the vehicle’s clocked mileage, whether the vehicle is in good working condition and running or not, and whether it has the necessary documentation, especially log book.
Additional details that you are required to key-in on the online form include your contact information where you add your first and last names as they appear on your government documents, your email, your phone number, your physical address, your city of residence, the state as well as the zip code. You also get an opportunity to attach necessary pictures, if available, for the car that you wish to donate. After filling in this information, the company takes it upon itself to contact you for arrangements on how to donate your car to Goodwill hassle-free. You may also want to contact the company directly without having to fill the required paperwork online.
- Goodwill’s reply to your car donation notification
Upon notification, the company takes up the entire process to ensure a successful transfer by arranging for towing or pick-up of the car being donated and availing it to the necessary premises from where it can be a resourcefully utilized. Normally, Goodwill expedites the entire process by ensuring they reply to your notification within a duration of up to 24 hours after the notification is served. The entire process does not require you to incur any financial expenses as the company caters for every required arrangement to facilitate a successful car donation to charity.
- Car pickup and receipting
At the time of picking up the car from your preferred location, Goodwill issues you with a written notification or receipt acknowledging your donation. The official receipt may come in handy when it comes to filing for tax relief from the IRS. Such a document should, therefore, be well kept. It also gives you a sense of pride that you have contributed to donate your vehicle to charity purposes. Now is the right time to donate- especially if you didn’t get as much of a return last year as you would have hoped.
After you donate your car to Goodwill for charity, the company makes private arrangements to have the car picked-up from your preferred destination on an as-is-where-is basis. You may also wish to leave the car in a strategic location from where the organization would organize for the pick-up. This saves you the hustle of waiting for the Goodwill officials to pick up the car from your home.
- Channeling of the car donation to the right course
After the car is in the possession of Goodwill, the organization makes the necessary arrangements to have the car appropriately prepared for auction. In most cases, Goodwill targets selling the cars in the condition they receive them from donors. The organization may, however, undertake some slight improvements; if such improvements would lead to an increase in the car’s net value.
During the auction, Goodwill sells the car to the highest bidder to ensure that optimal proceeds are generated from the sale. The proceeds are in turn channeled to supporting various Goodwill programs, especially those which are targeted towards achieving a social and community benefit.
- Filing of documentation
After the car is successfully sold, Goodwill will contact you and issues the right documentation detailing the entire process and the proceeds generated from the auction. These documents may come in handy when filing for tax returns and tax exemption with the IRS. The car donation process is set to be as simple and less involving to you as possible.
Why now is the perfect time to donate your car to Goodwill
You may have already thought about donating your car to goodwill for charity purposes. Procrastinating this decision may entirely delay the car donation process. Such delays imply that you will otherwise continue incurring additional expenses required to maintain and run the already-old vehicle. Besides, the more you hold your second-hand car and fail to donate your vehicle to charity purposes, the more the value of the car depreciates, therefore implying that the value of your donation will significantly diminish. Deciding to donate your car to Goodwill as early as now ensures that your contribution goes towards helping the society appropriately. The timely donation of your car towards charity will ensure those in the society who need aid get served. Making the decision to initiate the car donation process by calling or contacting Goodwill through either email or phone will help expedite the entire car donation process.