Car Donation Mankato, MN

Turn Your Unwanted Car into a Tax Write-Off

Are you looking for a way to get rid of your old car in Mankato, MN? Consider car donation. Students at Newgate School repair and recondition unwanted vehicles for resale. Keep reading for more information.

Why Keep Paying for a Vehicle You No Longer Drive?

If you’ve retired from your old contractor job, maybe your old truck is ready for retirement, too. Or perhaps the kids have grown up and left, and you’re ready to downsize from your SUV. It doesn’t make sense to keep paying for registration and insurance since you no longer drive the car. Now, how do you get rid of it?

 

Donate Your Car to Newgate School

Make a Cash Donation Online

The Headache of Trading in Your Car

You may have heard that dealerships are clamoring for trade-in cars, SUVs, vans, and trucks. However, if your vehicle is older, you may have trouble getting a dealer in Mankato to take it, much less offer you a fair price. If you don’t like their offer, they may advise you to try selling your car privately.

The Stress of Privately Selling Your Car

Trying to sell your car through advertisements in local papers, online boards, or social media may seem attractive. The problem is you don’t know the person with whom you’re dealing. And, as if a private sale isn’t stressful enough, people can forge cashier’s checks and dispute payments on apps like PayPal and Venmo, leaving you empty-handed.

Can’t Hand Your Car Down to a Relative? Call Newgate School

At this point, you may be ready to hand your car down. But your kids or grandkids may not want the vehicle. There’s a better way: Donate your car to a charity such as Newgate School.

What is The Newgate School?

Newgate is a non-profit organization near Mankato, MN, offering automotive vocational training to young adults in Minnesota. Students use your donated vehicle to learn valuable auto repair skills in the Auto Mechanic and Auto Body programs. Once we refurbish these cars, we can either sell them or donate them to single working mothers.

The Advantage of Donating Your Car to Newgate

Since Newgate has 501(c)(3) status with the Internal Revenue Service, you get a tax deduction for your car donation. It may not be cash in your pocket today, but you can save big when you file your taxes. The IRS will determine the amount of your deduction in one of two ways:

 

• 1. The amount the school receives when it resells the vehicle
• 2. If the vehicle is not a resale, the deduction amount is based on the highest market value allowed by the IRS

 

A Win-Win: Lowering Your Tax Bill and Helping Young Adults

Newgate receives all of its funding through the sale of refurbished, donated vehicles. So, you get a larger tax refund, and your car donation helps the school provide valuable vocational training to young adults seeking a stable, well-paying career.

Donate Your Car Near Mankato, MN, Today

If you’re in Mankato, MN, and have a vehicle to donate, complete our donation form online or give our office a call to start the process. We’ll make sure the documents you need to file your taxes are in good order.

Newgate School is licensed by the state to handle the title transfer on your car donation, so you won’t have to stand in line. Our office is open Monday through Saturday, so if you’re ready to get rid of your old vehicle, let’s talk.