Donating a car is an easy way to get an unwanted vehicle off your hands, and guess what? You can even earn a tax deduction by donating to a registered tax-exempt organization! Take a look at some of the best places to donate a car in New Hampshire.
Though it sounds easy enough, getting rid of a car can pose unexpected difficulties.
Selling a car onlineor to a third party can be challenging, and
trading it indoesn’t always work out. Whether your long-time vehicle has seen better days or you just want something newer, getting rid of your car shouldn’t be hard or a total waste. That’s where donating your car comes in!
Donating your car is an easy and rewarding alternative when you no longer have a use for it.
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Jerryhas created this guide to donating your car in New Hampshire with tips on how to avoid scams and a list of the best places to donate. And if you want to know how to reduce your
New Hampshire insurance costs, we'll tell you that, too!
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How to donate a car in New Hampshire
It’s all about convenience when donating rather than selling your car or trading it in. Generally, the car donation process is pretty simple. Here’s how it works:
- Research all organizations. The car donation industry is wide and expansive—the perfect place for scammers to thrive. Do your homework and look for established, reputable organizations that you care about.
- Search for tax-exempt organizations. Use the IRS’sonline search toolto check Pub. 78 data. This resource provides you with every organization that is eligible for a tax-deductible donation.
- Look into your car’s fair market value. This will help you determine your tax deduction.Kelley Blue Bookis a great tool for finding a car’s fair market value.
- Come prepared with documents. Nearly all organizations need a signed title, but you may also be required to provide information about your vehicle’smake and model, current mileage, and vehicle identification number (VIN).
- Schedule a pickup. Call your organization and make arrangements for your car to be picked up.
- Save your receipt. You’ll need it to claim your tax deduction. If the organization ends up selling your donated car, inquire about the sale price to determine how much you’re eligible to claim.
How do taxes work when donating a car?
Many organizations resell donated cars as a way to raise funds for their charity. You can then get a tax deduction based on the amount your donated car sells for.
If your donated car sells for $500 or more, you must claim the sale price on your taxes—regardless of the market value. For example, if your car’s fair market value is $1,000 but the organization sells it for $700, you’ll only be able to claim $700 on your taxes.
If your donated car sells for less than $500, you’ll claim $500 or the fair market value–- whichever of the two is less. However, if the organization ends up keeping your car, you may claim the fair market value.
Keep in mind that these rules apply only to organizations that are eligible to receive tax-deductible donations.
Key Takeaway Look for tax-exempt organizations and check their tax history before donating your car. Scammers advertise car donation opportunities too!
Where to donate a car in New Hampshire
Ready to donate your unwanted car in New Hampshire? Here are six of the top places to donate your old car in the Granite State.
Cars2Charitiesis a car donation servicing company that makes it possible for your favorite causes to accept a donated car from anyone and increase their existing fundraising efforts. When you donate to Cars2Charities, you may be eligible to receive a
Vacation Voucher. Giving to charity and going on vacation? Sounds like a win-win!
Cars for Prostate Cancer
Cars for Prostate Canceror the Prostate Cancer Awareness Project (PCAP) is a not-for-profit charity with a mission of combating prostate cancer. In addition to cars, they also accept motorcycles, RVs, motorhomes, boats, and even travel trailer donations in certain New Hampshire cities. You can quickly process your car donation in
Rochester, and several other cities.
Does Goodwill accept car donations? They sure do! It’s not just old clothes and furniture anymore! Funds raised from
Goodwill Car Donationsgo towards investing in local programs, such as providing disadvantaged neighbors with job training and employment services.
Vehicles for Veterans
Wheels for Wishes
As part of the Make-A-Wish Foundation,
Wheels for Wishes(operated by Car Donation Foundation), was established to benefit charities—including children’s charities, hospitals, and veterans programs—throughout the United States. When you donate your car, New Hampshire Wheels for Wishes uses the funds for local children with critical illnesses. They provide free towing, free pick-up, and a tax-deductible receipt.
How to find affordable car insurance quotes in New Hampshire
Donating an unwanted car is an easy way to save money on your taxes. But why stop there? When you download the
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trustworthy licensed insurance broker app, is super easy to use. Once you download the app, just answer a handful of questions and in just 45 seconds you’ll receive quotes from top providers for coverage similar to your current insurance policy—only better! Jerry’s team of experienced agents will handle all the paperwork, including helping you cancel your old policy.
With Jerry, it’s all about saving you time and money—$887 a year on average!
“UsingJerryis a super straightforward process, and at each step, you can see exactly what coverage you’re paying for. Thanks to Jerry, I’m paying $900 less each year while keeping full coverage for my new car!” —Martin H.