Old Junk Vehicle Disposal

As a member of the auto recycling junk cars market, we are familiar with how to get cash for junk cars. A junk car buyer may not be the only option for your old junk vehicle disposal, as donating it to charity is a possibility. In an article dated Friday, December 19, 2014 on the Cleveland Jewish News, the topic was discussed as follows: “We live in a very philanthropic community (Cleveland, OH) and there are so many people willing to give. Being active in a local nonprofit and in the automotive world, it is interesting to see how donating a vehicle can be beneficial or not to both parties. This can be a great alternative to trading in a car that does not make a huge dent in a down payment, but can make a big difference to a local non-profit or charity. It used to be more beneficial to the taxpayer before the IRS revised the donation stipulations in 2005. People used to donate cars all the time and it didn’t matter what the condition was to deduct fair market value off your taxes. Even if the car being donated was in poor condition, not running or only good for scrap. That has been revised. Now, if you donate the vehicle and it is sold for less than $500, you can claim the fair market value of the vehicle up to $500. If it is sold for over $500, you can claim the exact amount. It does get tricky when your car is worth more than $500 and sells for more. The IRS defines fair market value as the price a willing buyer would pay & a willing seller would accept for the vehicle. By the time many come to the conclusion of donating their car to a local charity, it is probably unsafe, running poorly and not able to be used as a daily driver. This equates into not much of a tax deduction. At the end of the day you need to decide what the motive is behind the vehicle donation. Are you just going for the tax deduction, the desire to help toward the greater good or both?” To view the complete article visit: http://www.clevelandjewishnews.com/special_sections/auto/article_b31546aa-861b-11e4-9484-5f8674d5c1cb.html

Cash 4 Cars Cleveland is a junk car buyer involved in auto recycling junk cars. We pay cash for junk cars 7 days a week throughout Cuyahoga County. We are not involved in the auto donation side of auto recycling junk cars; however, recognize it as a potential resource for saving cash for junk cars. We pay cash for junk cars in the areas of Macedonia, Lyndhurst, Cuyahoga Heights, Highland Heights and Richmond Heights. Our junk car buyer is available to provide a junk car quote for scrap vehicles and wrecked vehicles in the regions of Euclid, Garfield Heights, Eastlake, Parma Heights, and Lakewood. Free towing of your damaged car, truck or van is available throughout Linndale Village, Newburgh Heights, Parma, Seven Hills, Beachwood and Bedford. Residents of Bentleyville Village, Bratenahl, Chagrin Falls, Mayfield Heights and South Euclid should contact us at (216) 359-1010. If your car is not running and at an auto repair shop in Wickliffe, Maple Heights, Brecksville, or Bainbridge, you should visit https://www.cash4carscleveland.com today to receive a price for your scrap car from our junk car buyer.