June 23, 2006, Newsletter Issue #16: Ask how the car donation program operates.

Tip of the Week

Many car donation services take only a small fee for the expense of picking up and disposing of the vehicle. Some intermediaries, such as auction houses and used car dealerships, negotiate terms that leave the charity a tiny percentage of each donation. Find out these particulars, and weigh the pros and cons of each option. Remember that in order to be considered a charitable gift by the IRS, used cars must be given to the charity or a valid agent of the charity. Keep in mind that some for-profit companies also advertise for automobile donations and donations to these companies are not tax-deductible.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Car Donation Tip Site? Request a Tip Now!


Guru Spotlight
Candi Wingate