Local Shelter Discovers Value of Car Donations

Share Article

Don't underestimate the value of Car Donations. The new tax law can still benefit donors and charities alike.

“Impossible…for a plain yellow pumpkin to become a golden carriage?” Not according to Lowell’s Alternative House a program which provides support and assistance to battered women. This community shelter was recently faced with a problem—the 7 year old van they and their clients depended upon, broke. The bad news from their car dealership was that the van was not worth the cost of the repairs, and that a maximum of $50 could be offered for a trade-in.

Kathleen Kelley, Executive Director of Alternative House remembered hearing about a Car Donation Program that gives money from used vehicles back to charity. She called Cars Helping America to see if proceeds from her organization’s van could be given back to Alternative House. Arrangements for the donation were made, and the van that was expected to generate $50 was sold for $2,500.

Unlike a car dealership that has limited options for disposing of used vehicles, a Car Donation Program, like Cars Helping America specializes in finding the best markets for selling used vehicles at maximum values. Company owners John Nicholls and Marty Schloss say some cars do best on e-bay, others at auctions, others as overseas exports, and still others will sell best on our lot. The key is knowing and understanding the everchanging used car market, something Nicholls is a 25 year veteran at.

This Massachusetts-based car donation program has been providing financial support to over 50 charities for the past two years. Both car donors and charities are often surprised to see how much money a used car can sell for. Steve Fine, President of the Melanoma Education Foundation, one of the charities supported by this program, commented that he couldn’t believe a 1972 Dodge Dart Swinger would sell for close to $1,200. His organization, which provides educational outreach and awareness training to school age children, has come to depend upon car donations as a key source of funding.

Charitable dollars raised from car donations this past year have allayed all fears that the new tax law would put a damper on this important fundraiser. This has definitely not proven to be the case. “We passed on thousands of dollars to our charities in 2005,” said Nicholls, “just as much if not more than in the previous year.” Donating an older vehicle is a major convenience for the donor, an essential source of funding for charity, and a great deal for both. The donor typically ends up with a monetary tax deduction worth more than they’d get for a trade, and they don’t have to worry about the negative repercussions of selling the vehicle on their own. It’s just important to work with a donation company that will take the extra time to sell each vehicle in the best market. Alternative House might have passed up a sizeable donation had they not contacted a Vehicle Donation Agent.

Any charities or individuals that want to learn more about the benefits of a vehicle donation program can call Cars Helping America at 1-866-949-3668 or visit their web site at http://www.carshelpingamerica.org.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Marty Schloss