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<blockquote data-quote="Allen" data-source="post: 347589" data-attributes="member: 389">It surely is something to consider if you are fond of a particular charity that accepts them.As far as the pros and cons outside of the touchy feely reasons, you are primarily limited to the tax benefits.&nbsp; Maybe a tax professional will weigh in on this, but in general most charities will be generous with respect to the &quot;value&quot; of the vehicle.&nbsp; As in they will give you a receipt for a $1,000 donation for a vehicle that's maybe worth $500 resale.&nbsp; I don't know if you can claim the deduction though if you don't itemize on your tax return, again a question for a tax person.&nbsp; If you are in a position to claim the charitable donation, it will probably increase your tax return by whatever your marginal tax rate is multiplied by the value the charity gives you on the donation.In general though, you would probably be money ahead just selling it.</blockquote>

[QUOTE="Allen, post: 347589, member: 389"] It surely is something to consider if you are fond of a particular charity that accepts them. As far as the pros and cons outside of the touchy feely reasons, you are primarily limited to the tax benefits. Maybe a tax professional will weigh in on this, but in general most charities will be generous with respect to the "value" of the vehicle. As in they will give you a receipt for a $1,000 donation for a vehicle that's maybe worth $500 resale. I don't know if you can claim the deduction though if you don't itemize on your tax return, again a question for a tax person. If you are in a position to claim the charitable donation, it will probably increase your tax return by whatever your marginal tax rate is multiplied by the value the charity gives you on the donation. In general though, you would probably be money ahead just selling it. [/QUOTE]

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