Lounge How was your day? Anything goes but please keep it PG-13!

Car Donation

Thread Tools
 
Search this Thread
 
Old 10-31-2008, 08:39 AM
  #1  
Contributors
Thread Starter
 
Brit_in_NJ's Avatar
 
Join Date: Apr 2008
Location: New Jersey
Posts: 2,596
Likes: 0
Received 0 Likes on 0 Posts
My Ride: '05 545 Titanium Silver, Black Leather - Nav, Logic 7, Cold weather. Mods: Carbon filter removed. M5 iDrive knob. Umnitza license plate LEDs. MP3 40% 3M tint ACS Anti-Roll(sway) bars RPI Scoop G-tech Pro RR CF Roundels CF Wheel caps
Default

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?
Old 10-31-2008, 08:42 AM
  #2  
Contributors
 
unknown's Avatar
 
Join Date: Mar 2008
Posts: 801
Likes: 0
Received 0 Likes on 0 Posts
Default

you can donate it to me, Unknown Foundation click here for your $30 tax credit
Old 10-31-2008, 09:27 AM
  #3  
Contributors
Thread Starter
 
Brit_in_NJ's Avatar
 
Join Date: Apr 2008
Location: New Jersey
Posts: 2,596
Likes: 0
Received 0 Likes on 0 Posts
My Ride: '05 545 Titanium Silver, Black Leather - Nav, Logic 7, Cold weather. Mods: Carbon filter removed. M5 iDrive knob. Umnitza license plate LEDs. MP3 40% 3M tint ACS Anti-Roll(sway) bars RPI Scoop G-tech Pro RR CF Roundels CF Wheel caps
Default

Originally Posted by unknown' post='708734' date='Oct 31 2008, 12:42 PM
you can donate it to me, Unknown Foundation click here for your $30 tax credit
sorry...I don't know that one....
Old 10-31-2008, 02:29 PM
  #4  
Contributors
 
melimel's Avatar
 
Join Date: Mar 2008
Location: new york
Posts: 5,073
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2011, E90 M3 Sedan. Alpine White.Competition package, Keyhole cover, fender reflectors in Alpine white, RPI Exhaust, 19
Default

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
Old 10-31-2008, 03:35 PM
  #5  
Contributors
 
AKAlius's Avatar
 
Join Date: Apr 2008
Location: Houston,TX
Posts: 3,573
Likes: 0
Received 0 Likes on 0 Posts
My Ride: Original E60 Spec: 530i - Silver Grey Out, Black Dakota Leather In, Navigation Pro, Voice Command, HiFi Audio, Sports Package, Premium Package, Cold Weather Package w/ Heated Seats, Style# 123 Alloy Track Wheels, Auto AC, Power Front Seats, Active Turn Xennon Headlights, Mods: OEM M-Tech Front Bumper, OEM M Side Skirts, OEM M5 Rear Bumper, M5 Trunk Lid Finisher, M5 Style Mirrors, Custom Hamann Style Splitter, Custom Hartge Style Diffuser, RD Sport Boot Spoiler, LCI Taillights, Bruce Miranda's V4 LCI Retro Cables, 6000K Xenon light Bulbs, Xenon White LED License Plate Lights, 8000K HID 9006 Fog Lights, Akalius� Front Headlight Euro Overlays, Matte Black Kidney Grilles, E60.Net Clings, Debadged, Llumar Tinting "Micro Edged, 15% Rear 35% Sides, Engine Mods: Custom Magnaflow Quad Exhaust w/ Eisenmann Stamped 3� Tips, RPI Scoop (Red) Added Electronics: V1 Equipped (Hardwired), OEM Alpine CD Changer Retrofit, Shoes: SOLD-20" Staggered Vertini Hennesey Rims, Falcon 452's Tires-SOLD New Shoes: 19" VMR 710 Hyper Silver, General Exclaim UHP 245/35/19 Front-275/30/19 Rear, Gloss Silver Caliper Paint Job DIY ^_____________ Retired ______________ Took Delivery 10/26/2009: LOADED! E60 M5 Silverstone II/Black, Active Seats, Comfort Ventilated/Heated Seats, HUD, Brushed Aluminum Trim,
Default

Not sure where, but I think you can right it off on your taxes if you do.
Old 10-31-2008, 03:47 PM
  #6  
Contributors
 
theXman's Avatar
 
Join Date: Sep 2007
Location: Jersey
Posts: 7,053
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2004 530i
Model Year: 2004
Default

Donating your old car is a great cause. 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!
Old 10-31-2008, 04:58 PM
  #7  
Contributors
 
khooger's Avatar
 
Join Date: Mar 2007
Location: Newnan, Georgia
Posts: 1,769
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2004 545i Production date: 02/04 Color: Black Sapphire Metallic Trim: Anthracite Options: Sport package with STEPTRONIC, Premium Sound, Rear Sunshade, Xenon
Default

Donate it to the local church...! FYI all...my 1001 post
Old 10-31-2008, 06:39 PM
  #8  
Contributors
 
tex_phil's Avatar
 
Join Date: May 2008
Location: San Antonio, TX
Posts: 5,895
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 04 525i, 04 Dinan M3
Default

I have a charity, its called the Human Fund, pm me for details.
Old 10-31-2008, 06:52 PM
  #9  
Contributors
 
BALASUBAS's Avatar
 
Join Date: Sep 2008
Location: SFV California
Posts: 2,341
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2006 530i Alpine White on Black interior, Sport and Premium Package, Steptronic, Navigation, Xenon Adaptive Headlights, Mtec V2.1 angel eyes,Hoen Fog Lights, Full M-Tech kit, ACS pedals, LED plate lights, CF Steering Wheel badge, CF Titanium trim, OE
Default

donate it! it would be a tax deductable
Old 11-01-2008, 04:22 AM
  #10  
Senior Members
 
moschse's Avatar
 
Join Date: Dec 2007
Location: Long Island, NY
Posts: 317
Likes: 0
Received 0 Likes on 0 Posts
My Ride: 2008 550i, Sport Package, Cold Weather Package, Nav, Jet Black, natural brown interior, automatic, Logic 7, ipod, lane departure warning.
Default

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


Quick Reply: Car Donation



All times are GMT -8. The time now is 01:38 AM.