10 Reasons You Should Consider Car Donation for Your Old Car in Toronto
Donating a car that you no longer use is a wise decision. It is not only beneficial for the charitable organisation or individual recipient but also for you too. For more details, here's a discussion on why you should consider giving away your vehicles as donations:
·
Tax deduction
Whether you donate your
car to a local or international charitable organization, you will receive a tax
deduction receipt. However, tax exemption depends on the value of your vehicle
that you are willing to donate.
·
Hassle-free service
While you want to get rid
of your old car, you may be unsure of the paperwork and other formalities
involved. Charitable trusts will work with you to obtain the necessary documents
so you can donate without any complications.
·
A car without your title
If you inherit a vehicle
whose title is in the name of someone else, dealing becomes difficult. However,
car donation centers have the resources and legal knowledge to help you navigate
this process.
·
Empty garage space
Unused or broken-down
vehicles occupy a lot of space in your garage, driveway, or yard. If you donate
the car, you get sufficient space to beautify your house or park a new car.
·
Save from extra expenses
When your vehicle
ages-old, you will have to bear maintenance costs like oil changes, new tires,
operational belts, etc. But if you donate it, the charitable organisation
can use the
funds from the sale of your car for operational purposes or social services.
·
Help the needy
If your car is in a
drivable condition, the charitable institution can use it for everyday tasks
like grocery shopping or taking elders to a doctor. In this way, your little
act of kindness will help poor people who can't afford to buy a vehicle.
·
All types of cars
Charitable trusts will
accept any type of car irrespective of its make and model. If your car works,
the organisation will use it to serve the community. Otherwise, they
will sell the vehicle and use the funds for their daily activities.
·
No intermediaries
Getting rid of a car
elsewhere isn't easy. You will have to find dealers who will look for buyers of
your vehicle. But, car donation in Toronto involves no mediator.
·
Cost-effective
Often, donated vehicles
are old and need expensive repairs. Car donation centers have volunteers that
help in various types of mechanical repairs.
·
Free towing
If you want to donate your
vehicle, you have to inform the charitable firm. They will schedule the pickup
of your car
as per your preferred day and time.
Hence, car donation in
Toronto is helpful on so many levels and to so many people. Make sure the
charitable organisation is a certified one so that you can claim a tax
write-off.
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