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Financial Planning / Tax Strategies


Subject:  Re: Donate Car for Tax or Sell? Date:  9/13/2007  9:51 AM
Author:  fktNM Number:  95843 of 127513

Thanks to everyone for all of the great advice!

Kathleen, I did look at the repair costs and if it were a Toyota or Honda I think I would have more faith in the repairs being worthwhile. As it is, my Ford Contour has already taken a steady amount from my wallet on a yearly basis for repairs and I believe this will continue. Your point is well taken though.

From a financial perspective it seems that selling outright is definitely the way to go. Thanks for clarifying this.

Peter, thanks for your insight into the Commercial Fundraiser System. I do make donations each year to certain charities and I am glad you enlightened me about this process.

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