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Why Should I donate a vehicle to charity?
Donating a vehicle to a charity is a wonderful way to put your unused vehicle,
boat, or RV to use; helping those in need in your community! It is much quicker
and easier than attempting to sale your vehicle yourself.
What can I donate?
Cars, Trucks, Boats, Yachts, RVs, Airplanes, Golf Carts, ATVs, Motorcycles,
Travel Trailers, Campers, Tractors, Go Carts, or just about anything of value!
If we believe your item will benefit one of our organizations we will accept
it. If your considering donating an item other than a vehicle please contact us
directly for assistance in determining the value of your deduction.
Exactly what is "donating a vehicle to charity"?
The donation of an unused vehicle, boat, RV or other item is quickly becoming
one of the most popular ways for individuals to support their favorite
organizations. When administered properly, Vehicle Donation Programs can raise
hundreds of thousands of dollars for the benefiting organization. Vehicle
donation programs are not only beneficial to the charity but to the donor and
the person who ultimately purchase the vehicle, it really is a “win-win “
situation for everyone involved. The donors are able to alleviate themselves of
an unwanted vehicle and obtain a generous tax deduction, the benefiting
organization receives the funds raised from the sale of the vehicle and the
buyer of the vehicle purchases the vehicle with the knowledge that his funds
are going to benefit an organization within his community.
How does "donating a vehicle to charity" work?
We have made the process as easy as possible for you. Simply select an
organization that you would like to support and notify us of your desire to
donate, either by completing the simple online donation
form, or by contacting us directly at 602-716-9826. We will arrange a
time, at your convenience, to have the vehicle picked up free of charge, handle
all necessary MVD and IRS documentation, and make certain that all of your
questions are answered. We will then bring the vehicle to our donation center
where it will be examined and repaired if necessary; it will then be cleaned
inside and out and sold at our public auction. The proceeds are then forwarded
to the benefiting organization. In some instances the charity may actually put
the donated vehicle to use with in their organization, or give the vehicle to
qualified families in need.
How do I know that my donation will benefit my local
community?
All of our organizations are reputable well know charities that offer services
within this community. We only work with local charities, so you can be assured
that your donation will help those in need within your community. Learn more
about each of these fine charities .
Is my donation tax deductible?
Absolutely! We have ensured that all of our organizations qualify as non-profit
organizations under IRS regulation 501-3C. Any donation will qualify for a
deduction. Individual tax situations will vary, so please contact your tax
professional to find out how the deduction will benefit you individually.
How do I know if I can take the deduction on my taxes?
Whether or not you will be able to take the deduction is dependant on your
individual tax situation, however, generally if you pay income taxes you will
be able to take the deduction. You will have to itemize your deductions in
order to take advantage of your charitable contribution.
How do I know how much to claim for the vehicle I donated?
Prior to January 1, 2005 the IRS regulations stated that you were allowed to
take the "Fair Market Value" of the vehicle as a deduction on your income
taxes. In October of 2002, the IRS issued a clarification stating that a donor
may utilize a reputable market guide, such as the
Kelley Blue Book or NADA
Guides, as the basis for deteining the fair market value of a donated
vehicle. If the vehicle had a value of more than $5,000 then an
independent appraisal is required by the IRS.
As of January 1, 2005, congress reformed the rules governing the amount that can
be claimed as a deduction by an individual for donating a vehicle to charity.
Under the new regulations, a person who donates their vehicle to charity, may
claim $500 or the "gross sale amount" received by the charity when vehicle is
sold as a deduction on their income taxes.
FasTrak Auctions will provide you with notification of the amount your vehicle
sold for withing 30 day of the sale of the vehicle.
Does the vehicle have to be running?
No, in most cases we will gladly accept any vehicle in any condition, running
or not. The only exception to this is if the vehicle is in such poor condition
that its salvage value would be less than the cost of towing the vehicle.
What do I need to donate my vehicle?
Of course we will need the title to the vehicle, however, should you not be
able to locate the title we can obtain a duplicate for you.
How long will it take to pick up my vehicle?
In most instances we can pick up your vehicle the same or next day. In any
event you will hear from us the within 24 hours after your completion
of the online donation form . Should you
require immediate pick up of your vehicle please contact us at 602-716-9826,
and we will make every effort to accommodate your request.
How much of the money from my vehicle will actually go to
the charity?
FasTrak Charity Auctions is a non-profit organization, as such 100% of the
proceeds from the sale of your vehicle goes to support non-profit
organizations. FasTrak charges set fees for the towing, reconditioning and sale
of the vehicle that average $107.00 per vehicle. All other proceeds from the
sale of the vehicle are forwarded to the organization you selected to donate
your vehicle to. This flat fee schedule has enabled FasTrak to return, on
average, more than 70% of all the proceeds received back to the charities that
received the donated vehicle.
As the agent for these organizations, is FasTrak licensed
insured and bonded?
Absolutely! We are licensed and bonded, as well, we carry a comprehensive
liability insurance policy of more than $1,000,000.00 to ensure your protection
, the charities protection, and the protection of your vehicle.
How do I donate my vehicle?
Simply fill out our quick and easy online donation form
or contact one of our friendly customer service representatives at
602-716-9826, they will be eager to assist you with your donation and answer
any further questions you may have.
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