The latest tax laws put the responsibility of how much the donor could claim in way of a tax deduction on the shoulders of the charities. Please see Vehicle Donation Tax Info.
How we determine what price to ask for vehicles donated to the Prostate Cancer Awareness Project
This is the most challenging part of what we do and here’s why:
CONDITION – is the single most important factor, in determining value. Ranking highest on the list is:
- Title Status
- Mechanical Condition
- Body & Paint Condition
- Interior Condition
- Tire Condition
- Maintenance History
There are several industry guides available that estimate values of used vehicles and here’s a couple to take a look at.
Please note, these links are industry guides, which are simply what they are called GUIDES. As previously mentioned, CONDITION is the defining factor in determining value.
We not only look at the guides but we also review comparable vehicles. We do this by searching through a variety of different market places, such as Craig’s List, Ebay, Auto Trader, etc. We always take into consideration, comparable mileage and condition and if we can identify repairs or other things we can perform, to help increase the value of your donated car, truck, RV, boat or motorcycle where it’s financially beneficial, then you can count on us to make those repairs, ultimately maximizing your tax write-off potential.