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-   -   Car Donation (https://5series.net/forums/lounge-5/car-donation-64505/)

Brit_in_NJ 10-31-2008 08:39 AM

I need to make room for my wife's new car and need to get rid of my old 98 sebring convertible. It would need to be cleaned up a lot and I don't think I'd get much for it since its got +160k on the clock.

Anyone have experience with donating a car to charity?

unknown 10-31-2008 08:42 AM

you can donate it to me, Unknown Foundation :dance: click here for your $30 tax credit :lol:

Brit_in_NJ 10-31-2008 09:27 AM


Originally Posted by unknown' post='708734' date='Oct 31 2008, 12:42 PM
you can donate it to me, Unknown Foundation :dance: click here for your $30 tax credit :lol:

sorry...I don't know that one.... :badbad:

melimel 10-31-2008 02:29 PM

i did that once.. my husband had the crappiest ford bronco that didnt run well at all.. died on me all the time.. and was worth maybe 50$... we donated and wrote it off on taxes and got way more then id ever get ont he street for that piece of crap.. do it..! youll get book value

AKAlius 10-31-2008 03:35 PM

:confused: Not sure where, but I think you can right it off on your taxes if you do.

theXman 10-31-2008 03:47 PM

Donating your old car is a great cause. :thumbsup: But the tax law has changed for how much you're allowed to write off. I believe you can only claim 50% of the book value, I can be wrong. Please do some research before writing off on your taxes.

What are you getting for you wife? The M5! :whistle:

khooger 10-31-2008 04:58 PM

Donate it to the local church...! FYI all...my 1001 post :lol: :dance:

tex_phil 10-31-2008 06:39 PM

I have a charity, its called the Human Fund, pm me for details.

BALASUBAS 10-31-2008 06:52 PM

donate it! it would be a tax deductable

moschse 11-01-2008 04:22 AM

My two cents. Read the form and the instructions, specifically the bottom of page 3 of the instructions...Good Luck!

http://www.irs.gov/pub/irs-pdf/f8283.pdf

http://www.irs.gov/pub/irs-pdf/i8283.pdf


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