When you can donate your car, motorcycle, RV, or boat to Esperança, you’ll receive a tax deduction. We will arrange to have your vehicle, boat or RV picked up at no cost to you. When it is sold, we will send you a letter with the selling price for tax purposes.
- What are the benefits of donating my car to Esperança?
- Does my car have to be running to donate it?
- Do you only accept cars for donation?
- How long will it take to pick up my vehicle?
- Do I have to be with the vehicle at the time of pick-up?
- What paperwork do I need?
- Do I need a smog certificate in order to donate my car?
- What if I receive legal notices?
- How does the new law effect my tax deduction?
- Will I get a tax receipt for my donation?
- What can I claim as a deduction?
- How is the value determined on the vehicle donated?
- What if my car is valued over $5000?
Esperança benefits by receiving a cash donations to fund new and existing programs and increase community awareness through local events.
You benefit by being able to reduce your taxable income when taxes are itemized. Plus you avoid the costs associated with selling your car. No need to pay for advertising, no loss of privacy and possible security risk, and no need to pay for vehicle registration, insurance, and repairs to keep your car in running condition while you wait for a buyer.
No. In some cases we can take your car, running or not. However, it must have an engine and be tow-able.
Many types of motor vehicles are accepted including boats, motorcycles, trucks, and cars, motor-homes, airplanes, time-shares, and even houses.
We make donating your car as simple and convenient as possible. In some cases, if we receive your call early in the day, a same-day pick can be available. A tow company will contact you within two to three business days.
No. Special arrangements can be made by calling our representatives.
The only paperwork needed is a signed, clear title. Have your title with you when you call-in your donation. [Please note: a clear title indicates the title is in the name of the donor without a lien].
For states that require smog certificates or safety inspections, you may donate your vehicle without these documents.
In the rare event that you receive any notification of a lien sale, DMV action, or other activity related to your donated vehicle contact Esperança 888-701-5150.
You will receive IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes if the proceeds from the sale exceed $500, stating the amount of the gross proceeds from the sale of the donated vehicle.
Yes, you will receive an IRS Form 1098C in the event that the sale of the vehicle exceeds $500. If the vehicle does not exceed $500, the thank you letter that you will receive can used as a tax receipt.
According to the tax law effective January 1, 2005, if the claimed value of the donated vehicle exceeds $500, the taxpayer is limited to the gross proceeds of the sale.
An IRS Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes will be mailed to you within 30 days of the sale stating the amount of gross proceeds received from your car, provided your vehicle sold for more than $500 and you have submitted your social security number. This will be your tax receipt for your charitable contribution.
The value is determined by the gross proceeds raised from the sale of the donated vehicle.
Effective January 1, 2005, you are no longer required to have vehicles appraised. The value you may claim will be the amount of gross proceeds received from your vehicle.