Car Donation
#1
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Join Date: Apr 2008
Location: New Jersey
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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
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?
Anyone have experience with donating a car to charity?
#3
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Join Date: Apr 2008
Location: New Jersey
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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
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 $30 tax credit
#4
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Join Date: Mar 2008
Location: new york
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My Ride: 2011, E90 M3 Sedan. Alpine White.Competition package, Keyhole cover, fender reflectors in Alpine white, RPI Exhaust, 19
i did that once.. my husband had the crappiest ford bronco that didnt run well at all.. died on me all the time.. and was worth maybe 50$... 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
#5
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Join Date: Apr 2008
Location: Houston,TX
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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,
Not sure where, but I think you can right it off on your taxes if you do.
#6
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Join Date: Sep 2007
Location: Jersey
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My Ride: 2004 530i
Model Year: 2004
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!
What are you getting for you wife? The M5!
#7
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Join Date: Mar 2007
Location: Newnan, Georgia
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My Ride: 2004 545i
Production date: 02/04
Color: Black Sapphire Metallic
Trim: Anthracite
Options: Sport package with STEPTRONIC, Premium Sound, Rear Sunshade, Xenon
Donate it to the local church...! FYI all...my 1001 post
#9
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Join Date: Sep 2008
Location: SFV California
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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
donate it! it would be a tax deductable
#10
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Join Date: Dec 2007
Location: Long Island, NY
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My Ride: 2008 550i, Sport Package, Cold Weather Package, Nav, Jet Black, natural brown interior, automatic, Logic 7, ipod, lane departure warning.
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
http://www.irs.gov/pub/irs-pdf/f8283.pdf
http://www.irs.gov/pub/irs-pdf/i8283.pdf