There may be other advantages to donating your car to charity. If you’re buying a new car, for example, the dealer’s valuation of the car is likely to be far below fair market value. If instead, you choose to donate your car to a charity that will sell it, you may be able to deduct the fair market value on your taxes-and have the additional satisfaction of knowing that your contribution is helping a disadvantaged family. Donating your car to a charity can be far less of a hassle than trying to sell the car yourself. You’ll save the out-of-pocket expense of advertising your vehicle for sale, and won’t have to deal with the hassle of doing business with strangers. Instead, the charity will usually make arrangements to pick your car up and handle all the details of making the sale.
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