With the 2013 tax year coming to a close, many people often have trouble making a decision as to whether they should sell an old car that has been sitting in their yard or simply donate it to a reputable organization for a tax deduction. In my opinion, you can make a case for each option. Junking a car for cash allows someone to make quick cash on the spot. It is important to find an honest company that will not use a “bait and switch” method. Ensure that the company will be paying the price quoted over the phone. Junk Cars for Cash NJ LLC has a great reputation for being an honest company!
But, is that always the right decision??
If you choose to donate your vehicle, often you are supporting a local charity that most likely provides assistance to the community, especially during the holiday time of year. You also receive a tax deduction. It seems like a win, win situation.
If you have made the decision to donate, it is important that you find a reputable organization. One local charity recommended when donating a car in NJ is donateacar4harity.com. Donate a Car 4 Charity, a donation aid to the American Children’s Society, is a non-profit organization with a 501C(3) ruling from the IRS. They exist entirely on public support and do not receive any federal and state grants or loans. The organization is comprised of volunteers who give their time and compassion to our clients unselfishly.