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  1. #1

    Member Sales Rating: (2)

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    Mar 2007
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    Snohomish, WA
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    Default Has anyone Donated a car before?

    I have a 1996 Acura 2.5TL with 184,000 miles on it. The car runs and drives, but it will need some work done to it. Right now it blue books around $3700. If I were to sell it I would honestly be happy with getting around $1,500 for it. I really don't want to have to deal with selling it however and people still complaining about problems with it even though its well below blue book value.

    What I would really like to do is donate it to a local highschool or community college shop. Supposedly you can claim the fair market value of the car with a donation, but is there any fine print they don't tell you about?

    Would selling it for $1000-1500 be better then donating it and claiming say $3,200 at the end of the year?

    If anyone has done this before let me know.
    My Home Theater (WIP):
    Panasonic AE900 Projector - 126" screen, XBOX 360, Pioneer BDP-320 Bluray
    Receiver: Denon AVR-1905
    Fronts: RTi6's, Center: CSi5, Surrounds: RTi4, Rears: Denon
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  2. #2

    Member Sales Rating: (11)

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    Spokane, Washington
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    Default

    here you go..all the info you will ever need.

    http://www.donate-car-for-charity.co...FRkGagodiXa39A
    PolkFest 2012, who's going>?
    Vancouver, Canada Sept 30th, 2012 - Madonna concert

  3. #3

    Member Sales Rating: (13)

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    The Beautiful Central Oregon Coast
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    Default

    Claim fair market. As long as it's fixable what the heck. They probably have volunteers that fix them for free anyway. I don't think there's any 'fine print' in the way you mean. I have donated a car that was running but needed a little work and I claimed fair market.

  4. #4

    Member Sales Rating: (4)

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    Dec 2004
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    flower mound, tx
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    Default

    Normally, selling it would work out better.
    The only time it helps is if you're right on the line between
    tax brackets.
    I donated a rust bucket about 20+ years ago.
    A month later some punk kid almost ran me off the
    road in it. I took a moment for me to realize it was
    my old car!
    "The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson

  5. #5

    Member Sales Rating: (2)

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    Tucson Az
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    Default

    I've donated a car before, and took mid book for it, but now the IRS wants an appraisial for the true value, so it's not as convenient.

    Thanks to the IRS, I won't do it again.
    My equipment sig felt inadequate and deleted itself.

  6. #6

    Member Sales Rating: (20)

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    Dec 2006
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    Seattle, WA
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    Default

    If you donate to a charity that accepts vehicles on a regular basis, they will usually provide you paperwork showing the value of your donation for tax purposes.

    I think we donated to the Treehouse (IIRC) organization in Seattle.

  7. #7

    Member Sales Rating: (2)

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    Mar 2007
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    Default

    I ended up selling it on CL for $1600.
    My Home Theater (WIP):
    Panasonic AE900 Projector - 126" screen, XBOX 360, Pioneer BDP-320 Bluray
    Receiver: Denon AVR-1905
    Fronts: RTi6's, Center: CSi5, Surrounds: RTi4, Rears: Denon
    Dual Subs: PSW202, and behind the couch Denon 8"

    My showcase link:
    Media Room pics

  8. #8

    Member Sales Rating: (17)

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    Feb 2007
    Location
    Central NJ
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    11,299

    Default

    My Dad donated my old toyota corolla without telling me!

    I had an alpine head unit in it, a Rockford Fosgate 4X50 amp, a pair of Polk 6930 in the back deck and Polk 6.5 2ways up front (the ones with the seperate 1" silver dome tweeter!!!!)

    DAMN!!!!!!
    Polk Audio SDA SRS 1.2TL's
    With new Exotic wood, Sonicaps, Mills & RDO198's - Born on 4-24-1989 and Signed by Matthew Polk!!!!


    My Polk SDA SRS 1.2TL's http://www.LASAREATH.com/


    It All Started here: http://tinyurl.com/lasareath2

    Part Deux: http://tinyurl.com/lasareath3

    Car Stereo---->http://www.salsleaf.com/leaf_stereo/index.htm<---- NEW for 2013

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