How To Get a Quote
If you're considering donating a vehicle but want to understand the potential tax benefit first, Homeless Cars makes the process straightforward by offering an easy way to get a tax receipt quote before committing to the donation. Here’s what you need to know.
How to Request a Tax Receipt Estimate
The exact amount of your receipt is based on the specifics of your vehicle. If you want to know what your specific vehicle could be worth, you can contact Homeless Cars at 1-833-465-7227 or fill out a donation form, and a representative will help you get a quote.
Information You Should Have Ready
Information about the vehicle is required to obtain your quote. A Homeless Cars representative will ask you for the year, make and model of your vehicle to get started. You should know the approximate kilometers on the vehicle and the current mechanical and body issues as well. This will help the representative provide you with the most accurate quote possible.
How the Value of Your Vehicle is Determined
When you donate a vehicle to Homeless Cars, the final value of your tax receipt is determined based on the value the charity is able to get for your vehicle.
Here’s how the process works:
When Homeless Cars sells your donated vehicle, the amount it sells for becomes the eligible amount for your tax receipt. Homeless Cars will issue you a receipt reflecting the sale price, this is why the quote provided for your vehicle is a guaranteed minimum, as the value of your tax receipt may go up post sale.
Receiving Your Tax Receipt
Once Homeless Cars processes your vehicle donation, you will receive a tax receipt by the end of the month that follows the donation. For example, if you donate a vehicle in October, you’d receive your tax receipt by the end of November. The tax receipt will arrive via email unless otherwise specified.
What it Comes Down to
Donating a vehicle to Homeless Cars is a generous way to contribute to a worthy cause, but knowing the value of the tax receipt is important for some donors. By understanding how tax receipt quotes work and following the necessary steps to obtain one, you can ensure that you’re fully informed throughout the donation process.
Homeless Cars is committed to making the donation process as smooth and rewarding as possible, both for you and for the individuals who benefit from your generosity. Every vehicle donated helps drive change in the lives of those experiencing homelessness and food insecurity.