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Questions Frequently Asked by DonorsHow does the program work? Visit Insurance Auto Auction website where you can fill out the car donation form online. You will be contacted by the tow company to schedule the pickup. At the time of the pickup, the driver will give you a receipt for taking the vehicle. We ask that you give the driver the keys and your appropriately signed title. As a donor, what do I need before I can donate? Three things are needed.
Do we pay for the towing? No, there is no charge to you for the towing. How long will I have to wait before my vehicle is picked up? Typically, your vehicle will be picked up in 2-4 business days. The towing company will contact you in advance to schedule the pick up. Do I really get a tax writeoff and how much would it be? If you plan to deduct over $500, you will be allowed a deduction in the amount of the gross selling price of your vehicle. You may also choose to take a deduction under $500 without written acknowledgment. What do you do with the vehicles? The vehicles are taken to an auction and sold to the highest bidder. Where do the proceeds go? Proceeds are distributed to the charity designated by the donor. How do I determine the value of my vehicle? Utilizing Kelly Blue Book and NADA Appraisal Guide will help you determine the value. What is the tax benefit amount for me to donate my vehicle? Please visit the IRS website for more information. |
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