- Moving to a new home can be exciting, but there are different options for what to do with your car.
- Drive your car to your new home if you’re moving nearby.
- Hire a car shipping service if you’re moving long distances to save time.
- Sell your car if you’re moving to a place with excellent public transportation.
- Donate your car to charity for tax deductions and environmental benefits, and avoid the hassles of selling it.
Moving to a new home is both exciting and challenging. It can be stressful when you have to consider what to do with your car. After all, it is one of your most valuable possessions. You need it to move around and carry out your daily activities. You might wonder what to do if you move across the country or overseas.
Fortunately, there are various options that you can choose from when planning to move with a car. Here are some insights on what to do with your vehicle when moving to a new home.
Drive your car to your new home
If you’re moving to a nearby location, it might be more convenient to drive your car. This option ensures easy access to your vehicle during the move. It’s also cost-effective compared to shipping your car. Plus, you can even pack some of your items in your vehicle. If this is the case, you must invest in a few storage solutions that will keep your things safe on the journey. It will also keep your car organized and neat.
However, driving long distances can be tiring, and you must plan how to handle the drive. Take frequent breaks, stay hydrated, and have enough rest before embarking on the journey.
Hire a car shipping service
Hiring a car shipping service may be the best option if you’re moving a long distance away. This option alleviates the need to drive the car and helps save time for other things.
However, it’s relatively expensive, and you must research and compare prices from various companies before settling on one. There are also different car shipping services, such as enclosed, open, and door-to-door services. Consider the pros and cons of each before making a decision.
Sell your car
You might decide to sell your car if you’re moving to a place with excellent public transportation. This option ensures you don’t have to worry about shipping or driving your vehicle across the country.
You can sell your car privately or to a dealership. However, this option is only advisable if you’re confident you won’t need a car in the new location. Also, if you’re attached to your vehicle, this option may not suit you.
Donating your car
Donating your vehicle is an excellent option if you’re passionate about giving back to the community. Several charity organizations accept car donations, and it’s a chance to make a difference. Additionally, you get a tax deduction for donating your car, making it an excellent financial decision. Here’s why donating your vehicle could be a wise decision.
Supporting a Good Cause
By donating your vehicle to charity, you are helping people in need. Several nonprofit organizations use car donations to fund their charitable works, such as providing food, shelter, education, and medical aid to those most need it. By donating your car, you can provide a valuable contribution towards positively impacting someone’s life.
Tax Deductions
When you make a charitable donation, you become eligible for tax deductions. If you donate your car to a registered nonprofit charity, you can get a tax credit that can help reduce your taxable income.
You can claim your tax deduction against the fair market value of your vehicle, which means the charity will sell it and use the proceeds towards their charitable mission. Consult your tax adviser to see how many tax deductions you may be eligible for.
Avoiding Hassles
Donating your car may seem more comfortable than selling it if you are overwhelmed with the amount of paperwork and negotiations that selling a car entails. Donating your vehicle to a charity can avoid the hassle of haggling with potential buyers, finding buyers, and filling out legal paperwork. Charities usually handle all the details to make the process as stress-free and straightforward as possible.
Environmental Benefits
Donating your car means that your old vehicle is off the road, and the environment benefits too. The older your vehicle is, the more pollutants it produces, so it’s essential to get it off the road as soon as possible. Most charities have eco-friendly policies and will make sure to recycle, reuse, or dispose of your vehicle without harming the environment.
The Bottom Line
In conclusion, moving to a new home can be exciting, but knowing what to do with your car is essential. Driving your car, hiring a car shipping service, selling it, or donating it are all viable options. You need to consider the location you’re moving to, your budget, timeline, and other factors before deciding. Overall, it’s essential to choose the option that works best for you.
