If you are one of the hundreds of thousands of people in the United States with a junk car in their driveway, chances are, you are looking to get rid of it. The concept of getting rid of a junk car has many people asking themselves, “Should I donate my car or sell it to a junkyard?”. Because there are obvious benefits in both of these choices, many people struggle with choosing which would be better. With that said, below, you will find a bit about the options and the pros and cons of both:
Donate My Car
It should come as no surprise that car donations are one of the several ways that charities raise the funds needed for them to provide the community services that they provide. With that said, one of the most popular junk car removal options is to donate a car. Once a car is donated, it will either be fixed and sold at auction or pieced and sold through various methods to ensure the highest dollar amount will be donated to the charity.
Donate My Car Pros:
- The Feeling Of Doing The Right Thing: To be honest, there are quite a few pros about donating a car. However, the best part about donating a car in my opinion is the feeling of knowing that you have done the right thing. Once you donate a car, you know that your car provided the funding needed to save a child from leukemia, rescue an animal from an abusive home and even provide housing for a warrior that was wounded fighting for your freedom. Honestly, it is hard to find a better feeling!
- Helping The Community: I think that it is important for everyone to know that car donations really do help communities. The reason that you get the feeling of doing something right is because when you donate your car, you know, you have helped the community!
- Tax Deductions: Anyone who makes the decision to donate a car will qualify for a tax deduction as with any other donations that are made. Consumers who donate a car that generates proceeds that amount to less than $500, these consumers will be given a tax deduction receipt in the amount of $500. However, if the car donated generates proceeds in excess of $500, the consumers will be given a tax deduction receipt equal to the amount generated by the car donation.
- Free Junk Car Removal: If you are tired of looking at your junk car each and every day, you will be happy to know that if you donate your car with us, we will be happy to come get it! That’s right, you pay no towing expenses!
Donate My Car Cons:
Well, honestly, there is nothing to share here. There really is no bad side to donating a car!
Selling A Junk Car
Unfortunately, junk cars generally have very little value to consumers before they are processed. Therefore, the only feasible way of selling a junk car is to sell it to a junkyard. Once the junk car is sold to a junkyard, it will be stripped of all working parts and scrap metal.
Selling A Junk Car Pros:
- Cash Payment: As with any sale, if you decide to sell your junk car, you will receive a cash payment. Generally, these cash payments are between $100 and $250!
- Free Junk Car Removal: As with most sales, the buyer of the product, in this case, your junk car will come to pick up the product.
Selling A Junk Car Cons:
- Not Much Of A Reward: Unfortunately, consumers generally get a small cash payment that will be well below the tax deduction that they would receive by donating a car.
Now That you have read this article, I am sure that you will be able to tell which option is best for your personal situation. For more information on car donations, please feel free to browse our blog!
