Create a Win with Your Old Car

Can you receive a tax deduction for donating a car? If so, where should you donate your car? Does it matter what condition your old car is in when you donate it? What happens to that car after you donate it? Can it be easier to donate your car with some organizations versus others? These are questions you might have when you’re looking for a way to donate your old car that you no longer need. Thankfully, the friendly team at the Newgate School has the answers you’re looking for so that you can feel confident when you donate a car to them.

What is the Newgate School

The Newgate School is a place where low-income students can learn the trade of automotive technology and be the next generation of experts that you’ll turn to when you want to have your car maintained or repaired. This school is entirely self-sustaining and offers these programs to those who couldn’t afford to pay tuition or go to a traditional school. With the help of the Newgate School, students learn a trade, find jobs, and are able to pull themselves out of poverty by using the skills they learn.

How Does Donating a Car Help?

In order to teach students to fix, rebuild, and maintain a variety of vehicles, the Newgate School needs different models to work on. This is where your old car comes in. you can receive a tax deduction for donating a car at the Newgate School and all you have to do is bring your car and title to the school. The administrators at the school will handle the processing of the title so that you don’t have the hassle of doing that yourself. This creates a winning situation for you and for the school.

Get the Maximum Tax Deduction

You want to receive the maximum tax deduction for donating a car to the Newgate School when it’s used in the Maintenance program. The students and staff will inspect the vehicle, fix any problems found, and then sell the car. The amount the car is sold for is the same amount you’ll receive as your tax deduction when you file. This could mean that you receive a greater tax deduction than the value the car had when you brought it to the school, which is a huge win for you.

Training Program Vehicles

Even if your vehicle is one that’s in need of massive repairs or a complete rebuild, you can enjoy the benefits of a tax deduction for your donation. When your vehicle is used in the training program or the Wheels for Women program, the amount of the deduction you’ll receive is the fair market value allowed by the IRS. This means you can turn an old vehicle that hasn’t run in years into a tax deduction and the Newgate School can turn it into reliable transportation for a single mother that needs to be able to get to and from work and take their kids around every day.

Better than a Trade-In

Sometimes, when you look to trade-in your old vehicle you aren’t offered what feels fair to you. Let the administrators at the Newgate School help you get more out of your vehicle by offering you a tax deduction for donating a car to them. You won’t have to try and get more out of it by selling it on your own and you won’t be faced with the headaches of trying to handle the paperwork either. Let the school take your car off your hands and breathe new life into it.

It’s a Win All Around

There are some great ways for you to take that old car that’s become a paperweight in your driveway and turn it into value for you and others. You can take a tax deduction for donating a car when you give it to the Newgate School and this school can turn your old car into one that can make money for the school, can be new wheels for a single mother, and can be a project car that will help those who need the training to receive it and become the mechanics of the future.