Donating your car to Goodwill is a selfless act that benefits both you and your community. It’s an opportunity to get rid of an unwanted vehicle while also supporting a charitable cause. If you’re considering an auto donation, you may be wondering what happens to your car after you donate it. Here is some information on the car donation process:
Assessment Stage
The assessment stage is the first step to enable Goodwill to determine the value and condition of your car. During the assessment stage, an inspection is carried out to determine if it is in good enough condition to sell or if it needs repairs.
If the car is in good condition, Goodwill may choose to use it in their programs or sell it to someone in need. If the car needs repairs, they may choose to make the repairs before selling it or give it to a salvage yard for parts or scrap.
After the assessment stage, Goodwill will provide you with a receipt for tax purposes. The amount you can claim as a tax deduction will depend on the fair market value of the car.
After the Assessment Stage
After determining the approximate value of the vehicle, assignment specialists will send it to one of the following destinations:
Auction
An auction is a public sale where items are sold to the highest bidder. Car auctions are a popular way for charities to sell an auto donation. They offer a chance to reach a wider audience and potentially sell the car for a higher price.
Goodwill partners with auction companies that specialize in selling vehicles. These companies will provide a car-selling platform, such as an online auction or a physical auction house. They will work with the auction company to determine the best approach for selling the car and set a reserve price.
Once the car is sent to the auction, potential buyers will have the opportunity to bid on it. The highest bidder at the end of the auction will win the car. The proceeds from the sale are used to support the programs and services in a charity center.
Selling Cars for Parts
Selling the car for parts involves taking it apart and selling valuable components separately. The process and policies can vary based on demand.
Goodwill can send the car to a salvage yard that specializes in buying cars for parts. The yard sells the components to buyers who need replacement parts. In some cases, the yard may buy the entire car if it has valuable components that can be resold.
The amount of money generated from selling a car for parts depends on the value of its components and demand.
Goodwill Using the Cars for Themselves
In some instances, Goodwill may keep the car for business needs. This option is available for cars that have some value, but not enough to re-sell. Goodwill may use donated cars for various purposes, such as transporting goods, picking up donations, or transporting employees. They may use the cars as part of their job training programs, where trainees learn to repair and maintain cars.
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Donating a car to Goodwill for their use can be a helpful way to support their mission. Employees or people relying on Goodwill’s support can avoid the cost of purchasing or leasing a new vehicle. This can save them money and enable them to put more resources toward their programs and services.
Provide an Auto Donation Today
Goodwill accepts a wide range of vehicles as donations. These include cars, vans, SUVs, RVs, trucks, campers, some boats, motorcycles, golf carts, and ATVs depending on the condition. Donating any of these vehicles can be a great way to support Goodwill’s mission while also getting rid of unwanted vehicles. Choose to clear up space in your garage and make a generous auto donation today.
