Saturday, April 21, 2018
arc Cars / Donation FAQ's

Donation FAQ's

What can I donate?

You can donate most vehicles to arc Thrift Stores, including cars, trucks, boats, motorcycles, and recreational vehicles. Your vehicle donation will be either sold at auction or sent to a recycler and the proceeds of the sale will come to arc Thrift Stores. Currently, arc Thrift Stores vehicle donation program accepts donations in most locations throughout the state of Colorado. Call us for details.

Is my donation tax-deductible?

Yes. arc Thrift Stores is a 501(c) (3) non-profit organization. All donations to arc qualify as a charitable deduction on your federal income tax return.

What do I need to do to donate my car?

The title to the car must be in your name. We will also need some information about where the car is located and the condition of the car. This will assist us in scheduling appropriate towing arrangements.

Will you pick up my car?

A tow company will call you to schedule the pick-up of your vehicles. You will need to give the tow driver the keys to the vehicle as well as your signed title. You will be instructed before hand on how to sign the title. The driver may have you sign some paperwork authorizing the tow. The driver will leave you a tow receipt showing that he/she collected the vehicle on behalf of arc Thrift Stores.

How is the value of my car determined?

The IRS allows you to take a charitable tax deduction on your federal income tax form equal to the amount the vehicle sells for at auction unless it sells for less than $500. If your vehicle sells for less than $500 you may deduct no more than $500. If your vehicle sells for more than $500, you may need to fill out IRS Form 8283 "Noncash Charitable Contributions". We recommend you consult your tax advisor with questions about your deduction.

Call 1-877-272-7212 across the state.