If you feel like that old car sitting in your driveway is a total waste of space, think again. There’s plenty you can do with a car that’s seen better days, no matter how old and worn down it is.
If you find yourself wondering, should I junk my car, sell it for scrap, or simply donate it? Then we are here to help you make your decision. Learn more about the pros of junking a car versus donating it.
Donating a Car: Weighing the Pros
Most people might not even realize this, but most charities will take almost anything that’s up for donation, even an old car. Unlike car dealerships and private dealers, many charities are happy to accept the donation, despite the condition of your car.
In most cases, you can even expect free junk car removal with a towing service if your car doesn’t have the power to move on its own. The process of donating a car is also really simple. All you need to do is call your preferred charity, explain that you want to donate your car and a representative will send a towing service to your home.
So, what are some of the perks of donating a car?
You Qualify for a Tax Incentive
Yes, you can receive something back for donating your car, although it might not be immediate. All you have to do is include your car donation as a deductible tax item on your next tax return.
The tax incentive you qualify for depends on the amount the charity can sell your car for, as well as its market value. If your car value sits at over $500, you can still deduct $500 from your tax return, even if it sells for less than that.
Make sure you get a 1098-C form from the charity once they have sold it so that you can claim for the tax deduction.
Be sure to check with your accountant or tax advisor to confirm eligibility based on your specific facts and circumstances.
You’re Giving Back to Those in Need
Making any type of sizable donation always feels good, and donating an unused car can feel very gratifying, knowing that you’re giving back to your local community.
Even if your car is not drivable, the charity itself can sell it off for junk and use the proceeds to support those in need. Either way, you’re doing a good deed.
It’s Completely Hassle-Free
As mentioned, it’s super simple to donate a car. In fact, it’s probably one of the easiest ways of getting rid of a car that’s just taking up space in your driveway/garage. The process is also free, so it won’t cost you a dime to part ways with it, and you don’t have to worry about advertising, repairs, or towing overheads. It’s all taken care of for you.
Some of the most popular charities that accept junk cars and offer a free towing service to collect your vehicle include Kars4Kids, the Make-A-Wish Foundation, the Salvation Army, Goodwill, and Arc Vehicle Donation.
Should I Junk My Car? Weighing the Pros
If you’re a little more interested in acquiring cash for your junk car that you don’t have to wait months for (and FYI, the donation tax incentive is not always guaranteed), then junking your car could be the better option for you.
Here are some of the top benefits of getting cash for junk cars.
Instant Money in Your Pocket
If you’re looking to make money, and make it quick, then selling your car for junk is a brilliant option. You’ll generally sell your car to a company that pays cash for junk cars; however, your car will have to be appraised first. After that, the company will make an offer.
They may also ask for additional information such as the model, make, mileage, and the general condition of the car.
Reduce Your Expenses
It’s no secret that maintaining an old car can really start to add up over time. If you just don’t have the funds to keep maintaining a car that’s done its time, then junk car removal is for you.
At the end of the day, you can save money by selling off your car, hassle-free, and not have to fret about recurrent maintenance costs.
It’s Simple and Won’t Cost You a Dime
Selling your junk car to a cash buyer could not be simpler in today’s day and age. You can list your car online, or simply call up a junk car buyer and give them an overview of the condition of your car. Most companies offer free quotes and free towing services, too.
Unlike selling your car to a junkyard, which means getting it there (and paying for towing), the entire process of selling to a junk car buyer won’t cost you a penny. It’s also time convenient, meaning the buyer comes to you to discuss the selling process, according to your schedule.
You’re Doing Your Part for the Environment
If you’re conscious about your carbon footprint on this earth (and we all should be), then junking your car is a good way to do your part. The reality is that the longer a car sits and deteriorates, the more it negatively impacts the environment.
Rubbers, plastics, and electronic components break down and make their way into the land, air, and water around us. When you choose to junk your car, most of its parts are recycled in the most eco-friendly way possible. Basically, most of your car’s parts can be reused, such as the tires, mats, seats, steel, glass, transmissions, and more.
Instead of leaving your car to wither away in your driveway or garage, you can make a positive impact by junking it and recycling its parts.
Get Cash in Hand with All Car Buys
So, if you’re still wondering should I junk my car or donate it? Here’s a quick summary.
It depends on your preferred outcome and the amount of effort you’re willing to put in when getting rid of a car. If you’re not fussed about money and just want to rid yourself of a car, then donating might be for you. However, if you’re looking for quick cash and hassle-free service, then selling your car to a junk car buyer is best.
At All Car Buys, we buy junk cars for cash and ensure the process is as streamlined and simple as possible. In fact, you can sell your junk car in as little as three steps. Get a free quote today and get your cash in hand, ASAP.