Determining The Value Of Donate Car Programs
Published on May 2nd, 2009 under Automotive.By Admin
When looking to give up your car to a Car donation company it is important to find out what proceeds of the sales will actually be going to the charity. Interested individuals should consult a number of donation agents in order to find out the difference in rates.
It is crucial to undertake this process prior to donating your car. This is because some agents charge a much higher fee of the net proceeds figure in their Donate car programs. However the percentage figure is not the only criteria of comparing donation agents. In fact this is one of the biggest traps that many individuals and even charity organizations fall into. These figures seem to be too deceptively high in some cases which causes people to make a decision in their favor.
Suppose a donation car sells for a thousand dollars in the market and your donation center deducts six hundred dollars as fees and then gives away 70% of the net proceeds to the charity. This some would be $280 in this case. However in another case where the donation agent’s fee is only three hundred dollars yet the percentage rate is lower at 50%. However the amount received by the charity will be relatively higher at $350.
In order to determine how much money the company will actually be passing on to the charity you need to look at the fees that the donation agent will be charging along with the percentage that they have set for their Donate car program. Carshelpingamerica.org is one of the most respected Car donation company of America which offers a low fees and a high percentage to the charity.