 SOT: Car donation, any suggestions, experience?? |
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| jhadler |
 Dec 29 2008, 05:04 PM
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#1
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Long term tinkerer...  Group: Members Posts: 1,879 Joined: 7-April 03 From: Lyons, CO Member No.: 529  |
Hey all,
The wife and I are planning on acquiring a (wait for it...) minivan.... We need to thin the heard, and we have this old (1980) Volvo 240 that's been doing nothing for months now. Were thinking of donating it and taking the write-off this year. I was wondering if any of you have experience with this? Suggestions? Thanks! -Josh2 |
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| Al Meredith |
Dec 29 2008, 08:09 PM
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Senior Member Group: Members Posts: 960 Joined: 4-November 04 From: Atlanta, ga Member No.: 3,061 |
I did it couple of years ago when you could write off the KBB (kelly blue book) value. That was great, My wife backed her94 Dodge through the house next door. The insurance Co. totaled it and I bought it back for $250. Donated it for KBB $2700 in good condition ( the front 95% was like new) . Congress found out about this loop hole and changer the deduction to the amount it sold for . It worked for me though.
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Posts in this topic
jhadler SOT: Car donation Dec 29 2008, 05:04 PM
g911 Done it 2x. Volunteers of America took both my ol... Dec 29 2008, 07:03 PM flippa I donated several as well in the past to Volunteer... Dec 29 2008, 07:31 PM GeorgeRud I also donated an old Volvo 245 to a local charity... Dec 29 2008, 08:43 PM carr914 I donated a 73 914 2.0 that had been in a major fi... Dec 29 2008, 08:54 PM
jhadler I placed a call to donateacar.com, and they said t... Dec 29 2008, 10:13 PM LarryR
I placed a call to donateacar.com, and they said ... Dec 29 2008, 10:17 PM |
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