New Mexico Used Vehicle DonationsCar and Truck donation programs in New Mexico have become more popular through the past decade or two, as more and more charities within New Mexico now participate in charitable car donation programs. Several charities in New Mexico may accept your old vehicle even if it doesn't run. Some organizations really will only accept vehicles in decent or repairable condition. When making a decision to donate an unwanted car in New Mexico, you should call the local branch of a chosen non-profit organization to find out the types of automobiles they will accept.
Several charitable organizations in NM outsource to middleman car donation firms. These companies are responsible for managing the car donation process. They provide the money to the charity after taking their expenses. Other organizations have in-house vehicle donation departments. Whether you choose a organization that deals with a third party, or has its own program, you need to find out what amount of the gross proceeds will go to achieving the mission of the charity.
Select Your City to Donate Your Vehicle in NM
If your city is not shown in the list above, you need to choose the the nearest city to you. Most charities with car donation programs will send a tow truck to get your car or truck for free, even if it is a long ways away.
Donate an Unwanted Car - New MexicoNew Mexico has a large number of charities which provide car donation opportunities which help fund neighborhood charity branches throughout the state. For many citizens of New Mexico, this fact is critical. When you want to help a local charity, you should get a hold of the closest location and find out if the old car you want to donate provides funds to help the nearest branch of your selected charity.
Car Donation Charities - New Mexico
New Mexico Automobile Donation Tax DeductionWhen you decide to donate an old car or truck in New Mexico, you are allowed to take a tax deduction for the price the vehicle brings at auction. If the charity auctions your car for $500 or more, you should be sent a tax form which allows you to deduct the selling amount of your vehicle when filing your yearly return. When the automobile you donated doesn't sell for at least $500, the IRS will allow you to determine the FMV, or fair market value . This value can be described as the price a person is willing to pay for the car or truck. By donating your old car or other vehicle in NM, it can be considered a win-win proposition for the charitable organization and yourself. You get rid of the unwanted vehicle. You also get to take a tax deduction. Your selected non-profit sells the old vehicle and uses the money to help with the charitable mission.
Quick Tips About Auto Donations
If the car you are donating is worth $5,000 or more, an appraisal from a third party auto appraiser is required.
What to DonateNew Mexico charities often welcome the vehicles below.
- Fishing Boats
- Lawn Mowers
- Work Trucks
- 4 Wheelers
- Personal Watercraft