What Can I Expect my Car Donation to Sell For?
This is an important question to ask when you donate a car to charity -- what will your vehicle sell for when it goes to auction? There is no way to know for sure what a particular vehicle will bring in at an auction, but here are a few guidelines that may be helpful to you: Older non-running vehicles: Generally if you donate a car that is more than 10 years old and it is not running, then it will most likely be sold for parts. In this case, you will probably receive a maximum tax deduction of $500. Trucks, Vans or SUVs: If you donate a pickup truck, SUV or van that is less than 15 years old, then there is a good chance it will be sold at auction. Even if the truck, SUV or van is not running, these vehicles bring a good return at auction and you will often get a deduction that is close to what you would expect if you sold the vehicle yourself. Luxury cars: Many luxury cars that are donated to charity will also be sold at auction, and will bring a good sale value. So if you are considering making a car donation it's good to remember that the sale value of your vehicle will depend on the age and condition of the vehicle, though vehicles that are sold at auction often have a high sale value and will mean a sizeable charity tax deduction. It's easy, fast, convenient and when you donate your car to charity you know that your vehicle donation will help to make a difference in someone's life!