You can select from donating or selling your old car, whichever has more benefits to you. Here is some nice information to decide which thing is more beneficial to you.
Fist of all, you need to determine whether the car still able to run or not and whether it need any further repair to make it run properly or not. If your car can not work well even after repair then you may think to give it in scrap. Then you should search a nearby local scrap dealer who come with all necessary equipments to take the car and inform you about the money you will get.
Some times, you can have got more return if you inform them about the year, company and model of car. Some of scrap dealers offer softwares to estimate the price according to the weight of car. But give the car in scrap, will not give you more than a few hundred dollars. If they offer big cash then do not miss the chance. If they offer very small sum of money and only come to your house and tow your old car then you should contact with similar other scrap dealer because they may offer you a good price.
It is good to find that how much you can get from the car that still in running condition. Evaluate the value you get from sale and the value you will get deducted from your personal income tax. You should select the most appropriate method where you get more benefit. To do so, you may get estimation of your car value by filling online form from KBB.com. If your car has value less then $500 then they may deduct blue book value and if it is evaluated at more than $500 then you will get more tax benefits by donating it to church of other charitable trust. If donation trust sells your donated car on auction then do not forget to get the sale receipt to use with your tax return. If your donated car is kept for donation works by trust then you are eligible to use the car fair market value in your tax return.
Ultimately, it is your decision what to do with old car. How you feel more comfort. Make the right decision after gaining informations from both sides.
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