Jersey Car Cash vs. The Competition
We recognize that you have many options when you are looking to sell or donate a used vehicle. Chief among them are trade-ins for a new car purchase and charitable vehicle donations.
Vehicle Donation
Over the last decade vehicle donation programs have tapped into the unique generosity of the American people, not to mention the very human desire to pay fewer taxes. We encourage people to support charity, and Jersey Car Cash and its staff are personally dedicated to the same effort. Our view is a bit different, however, when it comes to recycling and donating vehicles.
The majority of charities actually hire a company like us to take care of vehicle pick-ups. In fact, we’re proud to be the car removal company for a variety of great charitable organizations. In these cases, the donated vehicle normally provides a $500 tax deduction for the donor, which results in a $100 to $200 in actual tax savings.
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From the charities’ perspectives, vehicle donations require them to maintain a call center, locate and hire companies like AutoRev to pick up and dispose of donated vehicles, and are overjoyed when a donated vehicle generates more than $100 to $200 dollars in actual ”profit”.
If you’re considering donating a vehicle to a worthy charity, we’d like to ask you to consider selling it to us, and then donating the cash we pay to whatever charity you desire. We’re very confident that the charity will get more money as a result of your generosity. As an added benefit you’ll still get the tax deduction, and it could be better than the $500 deduction ceiling imposed by IRS statute.
Dealer Trade-Ins
Car dealers are on the opposite end of the spectrum from charitable vehicle donations, and the second of the two most popular places to get rid of an old car.
While there are certainly honorable people selling cars in the U.S., there are also reasons why people make jokes about doing business with a car dealer.
As an example, there are times that car dealers advertise that they will give you at least $5,000 for any trade in, even if you have to push the wrecked vehicle onto the lot. There are as many occasions when your trade-in has a ”blue book” value of several thousand dollars, and your dealer offers far less.
The point is that car dealers will always make a profit. They’ll overvalue a trade-in to get you onto their lot, they’ll cut the sticker price to make you feel like you got a deal, or they’ll provide expensive financing to recoup the overvalued trade-in or overly generous price.
No matter how they do it, they’ll make money on your trade-in. We would recommend that you get the biggest cash offer possible for your vehicle, and then go to the dealer with cash in hand. Down payments motivate car dealers and limit financing costs.
Our point is simple; if you want to make the biggest impact for a charity, get the biggest tax deduction, or earn the most value for a used car when you need to buy a new one, Jersey Car Cash is the best option.
