Most people who donate their car don't have comprehensive coverage and donate their car to take advantage of the tax deduction.
Lakewood, NJ (PRWEB) January 24, 2013
Kars4Kids put out numbers Wednesday detailing the cars they received from Hurricane Sandy. Hurricane Sandy struck the Tri-State area on October 30th 2012 with more force than anyone expected, causing massive power outages and flooding.
12 foot storm surges pushed waves up through residential neighborhoods flooding basements and ruining tens of thousands of vehicles. While the media has long debated the actual amount of destruction caused by the storm, Kars4Kids spoke with Pamela MacKenzie of The Courier News to detail the numbers from the charitable end of the car wrecking industry.
The article quotes Robert Moscovits, vice president and director of business development for Kars4Kids, who explained what car donation charities do with flood cars. “When we get a flood-damaged car,” Moscovits said, “we have a team that determines whether to sell it for scrap or sell it at auction. If we sell it at auction, the car gets a flood title, so the buyer clearly knows it has been in a flood.”
Moscovits says that Kars4Kids received more than 1,500 Sandy damaged cars over the few months following the storm. Most people who donate their car don't have comprehensive coverage and donate their car to take advantage of the tax deduction.
Other outlets have reported that aside from Kars4Kids, few charities have seen a large boost following the storm.