When it comes to car donation New Jersey, there are many misconceptions that exists which stops many car owners from donating their cars. With the misconceptions getting cleared, it makes it a lot easier for car owners to come forward and donate their cars.
In the general sense, a car donation in New Jersey is not a very big affair. Neither does it include any kind of complications. It is a simple process that can be very nicely wrapped up provided all the steps are followed correctly and as directed by the representatives of the organization to which you are making the car donation in New Jersey. As long as you are donating the car to a charitable organization that is recognized by the IRS, you can be rest assured that your donation will go to the right place and will be handled by responsible individuals. But, there still exists a good number of misconceptions that prevents many car owners from coming forward and making a car donation.
So, get your misconceptions cleared and donate car to charity New Jersey without any fear.
- There is no Monetary Give and Take- When you are donating your car to an IRS recognized organization, there is no monetary transaction involved. The organization does not pay you money in return of the donated car. What you can get is tax deductions on the donated vehicle depending upon the Fair Market Value of the car or the amount at which the car is auctioned off, whichever is the highest.
- There Are Only Two Parties Involved- In the car donation process, only two parties are involved- the car donor and the organization accepting the donation. There is no third person or medium involved. So, get in touch directly with the organization, know the rules, get your queries sorted and then go forward with the car donation.
- There Is No Need To Spend Money On Repairs- The car owner does not need to make any repairs to the car before donating it. Car donation organizations does not make it mandatory for the car owner to donate the car in the best of condition. They even accept cars that do not work at all. So, no expenses required to be incurred from the owner’s end.
- No Money Has To Be Paid For Towing The Car- The car towing comes free of cost to the owner. It is arranged by the organization that accepts the car donation.
- Any Organization Can Allow You Tax Deductions on Car Donations- Not any organization that accepts car donation will be able to give the owner tax deductions. Only the ones that is recognized by the IRS, can.
Your car donation New Jersey is being awaited as it can help change the life of many underprivileged children. Clearing the misconceptions can help you make a smooth car donation.
