For those considering car donation Maryland and other states provide a number of benefits. While those benefits vary by state, some carry across all locations. It is important to research the specific pluses and minuses for your location before choosing this method to get rid of an automobile. |
The first benefit is tax related. Because donating is usually done to a registered charity, the value of the automobile is often deductible. It can be used, in combination with other charitable giving, to reduce the overall amount of income that is taxed. People with high incomes will often collect receipts from charitable giving to help lower their tax burden. This is location dependent, and needs to be researched first to ensure it covers the specific gift.
Another advantage is that they will take vehicles that do not run. These are vehicles that wouldn't be eligible for trade-in, and so have no real value. Because the charity will fetch the vehicle, running or not, the owner doesn't need to have it towed to a dealer. They also don't need to put money into getting a vehicle running, just to sell it the next day. For many this money savings, particularly with ancient or barely serviceable vehicles is a major factor in their decision to donate.
The third benefit is similar to the second. Because the charity collects the vehicle and hauls it off, the owner doesn't need to dispose of it. In places where there is no scrap yard buying dead automobiles, throwing one away can be a huge cost. Instead of paying by weight or size to add the auto to the dump, it has a new life elsewhere and saves its gifter the cost of disposal.
With car donation Maryland offers some of these benefits. There may be additional state specific advantages as well.
Vehicles for Change, Inc is a car donation Maryland a community initiative helping to change the lives of low income families in Maryland, Virginia and Washington D.C. (http://www.vehiclesforchange.org)
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