There are thousands of people throughout the United States with a junk car that find themselves asking, “Should I donate my car or sell it to a junkyard?”. Because there are obvious benefits to both options, if you are like most consumers, you may be having a tough time making your decision. Below, you will find information about each of your options and the pros and cons that you are most likely searching to find.
Donate My Junk Car
The first option that you will most likely come across when searching for a way to get rid of your junk car is to donate it to charity. Believe it or not, over the past ten years, Cars Helping Charities has processed over 20,000 car donations and donated over a million dollars to charities. Needless to say, vehicle donations provide many charities with the funding needed for them to be able to provide the community services that they provide so well. Over the years, automobile donations have been the source of funding for the research of cures, safety of children, empowerment of the disabled and much more!
Donate My Junk Car Pros:
- Free Junk Car Removal: The first pro to donating a junk car is that because you are making a donation, we will be happy to come tow your junk car away from anywhere for free! That’s right, you don’t pay a penny for the removal of your unsightly junk automobile from your driveway!
- Benefits The Community: As I stated above, throughout the years, donated automobiles have provided many charities with the funding that has allowed them to do amazing things for the communities that the affect. There is honestly few better feelings than the feeling of knowing your unwanted junk car can help a child get his or her last wish or help a soldier that put his life on the line for us, get his life back together for his family!
- Tax Deduction Benefits: As with any other donation, car donations come with great tax benefits. When it comes to vehicle donations, if the vehicle that is donated generates proceeds that are lower than $500, the consumer who donated the automobile will be given a $500 tax deduction receipt. However, if the car donation generates proceeds in excess of $500, the donor will be given a tax deduction receipt equal to the amount of proceeds generated by the car donation.
Donate My Car Cons:
Well, to be honest, although we have searched and searched, we have not yet found any negative side of donating a car!
Sell My Junk Car
Another option that you have for getting rid of your junk car is to sell it to a junkyard. Junkyards are companies that specialize in buying junk automobiles at a very low cost and stripping them to allow for profits in the sale of the working parts and scrap metal. Here are the pros and cons.
Sell My Junk Car Pros:
- Free Junk Car Removal: As with the option of donating a junk car, if you decide to sell your junk car to a junkyard, you will receive free junk car removal. The buying party in just about every case will pay the cost of towing.
- Small Cash Payment: Because selling a junk car is in essence a sale, there will be an exchange of a small amount of cash from the buyer to the seller.
Sell My Junk Car Cons:
- Small Amount Of Cash: Junkyards need to make money. Therefore, when buying your junk car, they are limited to the amount of money that they can offer. Generally, consumers are unhappy with the small amount of cash they must accept to sell their cars to a junkyard. In most cases, the cash payment is much lower than the possible tax deduction consumers could earn by donating.
- Doesn’t Help The Community: Unfortunately, when consumers make the decision to sell a junk car, they are making a decision that doesn’t do much to help the community.
