When And How To Junk Your Car

I bet you really loved your first car especially if you bought it brand new from a car dealer. You were probably attracted so much to it that you treated it with all the love and attention a good lover could give. However all cars, no matter how much love and attention we put into them, will eventually wear down, and get to the point that the most merciful thing you can do with your beloved car is to either donate it or sell it for scrap. So when should you scrap your car and how do you go about it?

One good reason why even the best cars end up to be scrap is that the present owner just cannot cope with the cost of maintaining the vehicle anymore. The older it gets, the harder it becomes to find spare parts for it to keep in good condition; to find mechanics who know how to treat the peculiar problems that old cars get; and even to find appropriate storage facilities for your aging car. All these problems costs money and of course, you are not getting any younger as well so there might come a time when you have to choose between financing your own needs and that of your car, you opt to scrap your car instead.

If you do choose to lose your car, you are actually doing yourself a favor, and you might also be serving the community in the long run. To scrap your car, you must take into consideration how much your car is worth to others. For example, is your car a vintage vehicle? If so, there might be considerable market or demand for the different car parts that will be produced when you scrap your car. One collector might pay a considerably good amount just for your steering wheel, another might like your hubcaps, and yet another might give you a pretty penny for the body of your aging car. At times like these, you may feel that taking care of your car all these years the way you did is certainly paying off for you.

Some might also get emotional when it's time to scrap a car, because there may still be a feeling of special bond to the vehicle which has served for so long, and faithfully well. Some even have special nicknames for their cars. So you might want to get someone else to scrap your car for you if you feel such a strong bond to your vehicle. There are companies that specialize in the scrap-your-car business. Some of these simply dump the car in a car compacting machine. But if that's not the untimely end you want for your car, be sure you know what type of company in the scrap-your-car business you are trying to contact. You probably want a scrap-your-car company that will take apart your car carefully so that any valuable parts worth selling will retain their market value.

Today, it is no longer a matter of just deciding on your own to scrap your car as government has also made specific rules and instructions for the public to follow regarding how, and when to scrap a motor vehicle. Be sure to learn what these rules are and any benefits that come with following the regulations, like possible tax breaks for you.

Car Donation - A noble principle

While Luxury cars may be nice to ride in and to drive around, they can be quite expensive to operate. If you have a luxury vehicle and do not use it as often as is used to and probably because the price of gas has risen or just doesn’t seem quite so nice anymore. You might want to consider donating that vehicle.

Some charity organizations, though not all, will accept your used vehicle especially if it’s a luxury vehicle and can be re-sold while using the profits to fund the charity’s operations.

There are many benefits to donating a vehicle. One is that you get that sense you’re helping someone that needs it. You’ll also be able to write off the fair market value of the vehicle from your income taxes. And, in addition you could be helping save the environment as well.

For those who may be considering donating, especially a luxury car, the IRS will be informed and that when you donate a vehicle for charity, you will receive a receipt and a copy of that receipt will be sent to the IRS. This receipt will show the fair market value of the vehicle that you have donated. However, take into consideration that there are scams out there that will tell you that you’ll receive retail value for your donation; which absolutely is just not true.

Other scam operations promise vacations which will end up costing you money while not allowing you to visit any destination that you choose. Keep in mind that the noble principle of donating used vehicle, or any item for that matter is not to expect anything in return and that the idea of helping others out of that donation should be realized at all times. Receiving a reward for making a donation is not just the way genuine charitable initiatives work.

So next time, consider donating a luxury car and get that excellent feeling of being able to be of help to someone in a less fortunate situation.