People who want to get rid of an old car they have on their property have two basic options. One is they can donate junk car to a charity or non-profit. The other is selling junk car to a junk or salvage yard. Each of these options has benefits and disadvantages. The owner of the junk car must decide what outcome is best for them when getting rid of their vehicle. The outcome they feel most strongly about will determine which method they will ultimately use to get rid of their junk car.
Benefits Of Donating A Junk Car
There are several benefits people can enjoy when they donate junk car to a charity or a 501(c)(3) non-profit organization. They include:
- Helping The Needy
- Feel Good About Giving
- Getting A Healthy Tax Deduction
1. Helping The Needy
When people donate junk car to a charity or non-profit organization, any money the organization gets from it goes to help the needy get food, clothing, shelter or other resources. When people donate junk car to charity, it can allow the organization to help a greater number of people and be better able to fulfill its mission. When you donate junk car to charity, the organization can then sell individual parts or the entire vehicle to generate much-needed income to better serve the people in need.
2. Feel Good About Giving
To some people, the most important thing they get when they donate junk car to charity is a wonderful feeling that they have done something to help less fortunate people. For many people, this good feeling is much more valuable and meaningful than money. It gives them a sense of satisfaction knowing that because they donate junk car they have helped to improve the quality of life for someone else even if it's in just a small way. For some people, being able to donate junk car and know their giving will have a positive impact on others is all the payment they need.
3. Getting A Healthy Tax Deduction
When you donate junk car to a legitimate charity or a 501(c)(3)non-profit organization that organization can give you a receipt for your charitable donation that you can use to get a tax deduction. Depending on the condition of the junk car you donated, the tax deduction you get may end up putting more money in your pocket than you would have gotten from selling junk car. That makes donating their junk car to charity a better choice in the long run. For people who are not pressed for cash immediately, donating their old car to charity is a wise decision.
Finding The Right Charitable Organization
If you have decided donating junk car to charity is the best choice for you, the next step is to find the right charitable organization. Not all charities accept people donating junk cars. Many don't have the systems in place to receive, store and sell the vehicles. Some only accept vehicles that are driveable that they can use for the organization or give to needy people for whom having a car can enable them to get to work, take their children to daycare or school and dramatically improve the quality and trajectory of their lives. But finding the right charitable organization with non-profit status may take a little research.
Benefits Of Selling Junk Car
When it comes to getting cash for junk cars New York is one of the places you can get a quick sale and a good price. Although your old car may seem like just a piece of junk to you, others may see some value in it. Depending on the year, make and model of your car, it may have hard to find parts for which people will pay cold hard cash. Sometimes all you have to do is post a picture and some information about the old car you are trying to sell online and you can end up generating lucrative offers from people who want your old junker.
Three Benefits Of Selling Junk Car
There are at least three benefits you can enjoy when you sell your old car. They are:
- Cold Hard Cash
- Removal Of The Old Car
- Help Paying Your Bills
1. Cold Hard Cash
For many people, the most important benefit they can receive from selling their old junker is that it provides them with cold hard cash. This is the most effective incentive for encouraging people to take steps to find a buyer for their old vehicle that has been sitting unused and rusting for some time. The thought that the rusting hulk in the yard can be used to put some money in their pocket is the benefit that has the power to motivate the average person to look for a buyer to take their old car off of the hands. Many people are pleasantly surprised that salvage yards, junkyards, and auto recyclers will pay cash for their old car.
2. Removal Of The Old Car
Having an old car sitting in your yard is more than just an eyesore. It can also reduce the value of your home and property and that of your neighbors. Selling the old car not only makes your yard look better and gives you more room to work and play, but it also makes your home and the homes of your neighbors worth more. That means the selling and removal of the old car can potentially mean you can sell your home for thousands of dollars more. An increase in the value of the home is a significant benefit that can make working to find someone to buy and remove your old car well worth it.
3. Help Paying Bills
If your bills are piling up and you have exhausted all the other sources you can think of, selling your old clunker of a car can help you to pay your bills. It can generate a few hundred dollars that can help you to keep your lights, gas or water on or play a role in helping to feed you and your loved ones. That makes selling your old, rusting, car worth the effort it takes to contact several junkyards and salvage yards, compare the amount they are willing to pay for your vehicle, make a choice and arrange to have your car towed to the junk or salvage yard that's offering you the most money for your rusting old clunker.
Downsides To Selling And Donating Junk Car
There are downsides to both donating and selling your old car. With donating junk car to a charity, you will have to wait months to get the money for your car. Plus, not all charities offer free towing or have 501(c)(3) non-profit status and can offer tax deductions for donations. Two downsides of selling your old car to junkyards and salvage yards are that you may have to make lots of calls to find junkyards, salvage, and recycling companies that offer free towing. Secondly, potential buyers may only make you a low ball offer of between $100 and $200 for your car.