Truck Donations

Written by Rylee Newton
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If there's one thing people know about Americans, it's that they love their vehicles. This is never truer than in the case of truck owners. For many Americans, a truck is the key to the open road. Many of today's trucks are versatile enough for a weekend in the wilderness, or a busy week in the city. Today, trucks are more popular than ever, thanks to the introduction of high-end SUVs like the Cadillac Escalade.

If you recently bought a new truck, and you want to give your old truck to a good home, you can donate it to a charity. Vehicle donation programs love receiving truck donations because people of all ages want them, and are willing to pay top dollar for them. Many people look for older model trucks at auctions and other charity events. People tend to have loyalty to certain trucks, and they buy them any chance they get.

Finding a New Home For Your Old Truck

Rather than spending your precious time fixing your truck up to sell it, you can donate it to a charity, and then write off the sale price on your income tax return. Thanks to new tax laws, it's easier than ever to figure out the fair market value for your truck donation. Essentially, the fair market value for your truck is the price the charity sells your truck for. If a charity sells at auction, this can sometimes elevate the amount above what the fair market value would have been.

If you've ever tried to sell a vehicle, you know what a pain it can be placing the classified ad and waiting around all day for interested buyers. When you donate a truck to charity, it is taken away within a matter of just a few days. In most cases, you should receive a receipt for the sale within a few weeks.


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