I have a few cars and was talking with some friends that also have a few. Why not donate them to someone in need??


I looked into it and basically, if you donate a car to a charity and they turn around and give (or sell it cheaply) to a needy person you can claim the fair market value (Private Party price) on your taxes.


So, if you donate a car worth $4000 and it's sold to a needy person for $1000 you can still write off $4000. If you donate a car and it's sold for profit by a charity you can only write off the amount it sold for.


Anyone ever tried it? Any info??