Honda Car Forum


 

Go Back   Honda Car Forum - Accord Parts Civic Tuning Acura Racing > Honda Acura > Honda 2

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 25 Feb 2013, 01:43 pm
cameo
Guest
 
Posts: n/a
Default The fate of those donated cars

These days I can hardly tune in to radio station for an hour without
hearing those annoying "Donate your car today" jingles. Anybody knows
what those charities do with the donated cars? Do they turn them over to
some used car dealers for resale and then they get maybe a dime on a
dollar of the sale price? Better than nothing, I guess, but it still
would smell like a scam to me.
Reply With Quote
  #2 (permalink)  
Old 25 Feb 2013, 06:41 pm
jim beam
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 02/25/2013 11:43 AM, cameo wrote:
> These days I can hardly tune in to radio station for an hour without
> hearing those annoying "Donate your car today" jingles. Anybody knows
> what those charities do with the donated cars? Do they turn them over to
> some used car dealers for resale and then they get maybe a dime on a
> dollar of the sale price? Better than nothing, I guess, but it still
> would smell like a scam to me.


what could possibly be a scam about getting given a car for free,
getting paid $1000 by dmv to take it off the road, then getting $500 or
more for it from a junkyard?


--
fact check required
Reply With Quote
  #3 (permalink)  
Old 25 Feb 2013, 11:16 pm
cameo
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 2/25/2013 4:41 PM, jim beam wrote:
> what could possibly be a scam about getting given a car for free,
> getting paid $1000 by dmv to take it off the road, then getting $500 or
> more for it from a junkyard?


Is that really what's going on?


Reply With Quote
  #4 (permalink)  
Old 25 Feb 2013, 11:40 pm
jim beam
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 02/25/2013 09:16 PM, cameo wrote:
> On 2/25/2013 4:41 PM, jim beam wrote:
>> what could possibly be a scam about getting given a car for free,
>> getting paid $1000 by dmv to take it off the road, then getting $500 or
>> more for it from a junkyard?

>
> Is that really what's going on?
>
>


well, the cars are collected by a "processor" that handles donations,
then hands a percentage the cash to whoever the worthy cause is. the
same processor can act for multiple recipient organizations.

other than that, dmv does indeed pay to take old cars off the road, or
they do here in kalifornistan to the tune of $1000. and junkyards do
indeed get paid to "recycle" what dmv takes in, apparently $500 or more
depending on vehicle. then, if the junkyard re-sells the car, they can
get anywhere from $1500 on up. my local had a crash-damaged late model
civic for sale last weekend for $2500!!! i've seen other high-end
vehicles handed in as i entered the junkyard, only to see it being
loaded onto a private flatbed as i leave again. clearly there's a
market for vehicles where one party wants to junk them, and another
wants to buy them.

as for the processor, one of the outfits local to me is having a
promotion where they're giving away a 64.5 mustang. i'll bet they
didn't pay a dime for it and the prize value is estimated at >$10k. now
that's good business if you can get it. for all the rest of the crap
that has no resale value, they go for parts and scrap metal. scrap
steel's worth decent money to smelters - much cheaper easier than
refining from ore.


--
fact check required
Reply With Quote
  #5 (permalink)  
Old 26 Feb 2013, 01:36 am
JRStern
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On Mon, 25 Feb 2013 11:43:51 -0800, cameo <cameo@unreal.invalid>
wrote:

> These days I can hardly tune in to radio station for an hour without
>hearing those annoying "Donate your car today" jingles. Anybody knows
>what those charities do with the donated cars? Do they turn them over to
>some used car dealers for resale and then they get maybe a dime on a
>dollar of the sale price? Better than nothing, I guess, but it still
>would smell like a scam to me.


If the car is worth $1,000, you give it to them, write off $1,000
saving maybe $300. They sell the car for $1,000, keep $800 as
overhead, and give $200 to the charity.

Whereas if you sold the car to Fred for $1,000, you could give $1,000
to the charity, for the same writeoff for yourself.

Have a nice day, suckers.

J.


Reply With Quote
  #6 (permalink)  
Old 26 Feb 2013, 01:41 pm
cameo
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 2/25/2013 9:40 PM, jim beam wrote:
> other than that, dmv does indeed pay to take old cars off the road, or
> they do here in kalifornistan to the tune of $1000.


That's California for you, where money doesn't matter to Sacramento. I
don't think many other states do it though.

> my local had a crash-damaged late model
> civic for sale last weekend for $2500!!! i've seen other high-end
> vehicles handed in as i entered the junkyard, only to see it being
> loaded onto a private flatbed as i leave again. clearly there's a
> market for vehicles where one party wants to junk them, and another
> wants to buy them.


Yes, but they also could have been turned over by insurance companies
who totalled them, right?

> as for the processor, one of the outfits local to me is having a
> promotion where they're giving away a 64.5 mustang. i'll bet they
> didn't pay a dime for it and the prize value is estimated at >$10k. now
> that's good business if you can get it. for all the rest of the crap
> that has no resale value, they go for parts and scrap metal. scrap
> steel's worth decent money to smelters - much cheaper easier than
> refining from ore.


Thanks for confirming my suspicion and as JRStern writes, there are
better ways to help worthy charities.

Reply With Quote
  #7 (permalink)  
Old 26 Feb 2013, 07:25 pm
jim beam
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 02/26/2013 11:41 AM, cameo wrote:
> On 2/25/2013 9:40 PM, jim beam wrote:
>> other than that, dmv does indeed pay to take old cars off the road, or
>> they do here in kalifornistan to the tune of $1000.

>
> That's California for you, where money doesn't matter to Sacramento. I
> don't think many other states do it though.


well there has to be something in it - all there donation companies
don't do all this stuff for free in your state i'm sure.


>
>> my local had a crash-damaged late model
>> civic for sale last weekend for $2500!!! i've seen other high-end
>> vehicles handed in as i entered the junkyard, only to see it being
>> loaded onto a private flatbed as i leave again. clearly there's a
>> market for vehicles where one party wants to junk them, and another
>> wants to buy them.

>
> Yes, but they also could have been turned over by insurance companies
> who totalled them, right?


yup. i'm pretty sure kalifornistan is ass-deep in something there too
because i recall reading something about insurers being "encouraged" to
write off vehicles much more aggressively to help out the car sales
lobby. and the steel recyclers, that just so happen to own the
junkyards where they get sent, and who aren't exactly unfamiliar with
the halls of sacramento given that they had to do a bunch of homework on
"environmental impact" a while back.

the whole thing is just a huge giant scam. people would junk cars
anyway, they don't need the taxpayer's involvement on any level. and
insurers should keep their sticky beaks out of it too.


>
>> as for the processor, one of the outfits local to me is having a
>> promotion where they're giving away a 64.5 mustang. i'll bet they
>> didn't pay a dime for it and the prize value is estimated at >$10k. now
>> that's good business if you can get it. for all the rest of the crap
>> that has no resale value, they go for parts and scrap metal. scrap
>> steel's worth decent money to smelters - much cheaper easier than
>> refining from ore.

>
> Thanks for confirming my suspicion and as JRStern writes, there are
> better ways to help worthy charities.


indeed.


--
fact check required
Reply With Quote
  #8 (permalink)  
Old 26 Feb 2013, 07:28 pm
jim beam
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 02/25/2013 11:36 PM, JRStern wrote:
> On Mon, 25 Feb 2013 11:43:51 -0800, cameo <cameo@unreal.invalid>
> wrote:
>
>> These days I can hardly tune in to radio station for an hour without
>> hearing those annoying "Donate your car today" jingles. Anybody knows
>> what those charities do with the donated cars? Do they turn them over to
>> some used car dealers for resale and then they get maybe a dime on a
>> dollar of the sale price? Better than nothing, I guess, but it still
>> would smell like a scam to me.

>
> If the car is worth $1,000, you give it to them, write off $1,000
> saving maybe $300. They sell the car for $1,000, keep $800 as
> overhead, and give $200 to the charity.
>
> Whereas if you sold the car to Fred for $1,000, you could give $1,000
> to the charity, for the same writeoff for yourself.
>
> Have a nice day, suckers.
>
> J.
>
>


yeah, but a nice jingly tune about "cars for kids" or some blonde hottie
wearing a sailor's cap are /so/ appealing!!!


--
fact check required
Reply With Quote
  #9 (permalink)  
Old 08 Mar 2013, 05:17 pm
SMS
Guest
 
Posts: n/a
Default Re: The fate of those donated cars

On 2/25/2013 11:43 AM, cameo wrote:
> These days I can hardly tune in to radio station for an hour without
> hearing those annoying "Donate your car today" jingles. Anybody knows
> what those charities do with the donated cars? Do they turn them over to
> some used car dealers for resale and then they get maybe a dime on a
> dollar of the sale price? Better than nothing, I guess, but it still
> would smell like a scam to me.


The charity never sees the cars. All those ads are paid for by private
companies that use the name of the charity and give a small portion of
the value of the vehicles to the charity. The vehicle is picked up by
the private company and resold somewhere. Some end up being shipped to
Asia or Central America. Some are probably junked for the value of the
parts or steel.

Be certain to check out the charity because the name of the charity is
not necessarily a good indicator of where the money is going.

<http://www.onlinecardonation.org/charity-news/kars4kids.html>

The bottom line is that you're much better off selling the car and
donating the proceeds to the charity of your choice, since by donating
it, the charity receives very little.
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Proctor Honda Tallahassee 2011 Low Financing For New Cars and Used Cars skylight Honda Videos 0 07 Jan 2011 06:00 pm
Proctor Acura Tallahassee 2011 Low Financing For New Cars and Used Cars skylight Honda Videos 0 07 Jan 2011 06:00 pm
Used Cars Alhambra Goudy Honda Super Deals on Pre-owned Cars (1-888-296-5058) skylight Honda Videos 0 02 Feb 2010 07:40 am
Used Cars Los Angeles, Alhambra Goudy Honda Great Deals on Pre-owned Cars at (1-888-296-5058) skylight Honda Videos 0 02 Feb 2010 07:40 am
Are Acura TSX cars good, dependable cars? Are parts expensive when need replaced? Rshell Acura Technical 6 17 Feb 2009 08:16 pm


All times are GMT -5. The time now is 01:10 pm.


Attribution:
Honda News | Autoblog
Powered by Yahoo Answers




Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.6.0 PL2 © 2011, Crawlability, Inc.
HondaCarForum.com is not affiliated with Honda Motor Company in any way. Honda Motor Company does not sponsor, support, or endorse HondaCarForum.com in any way. Copyright/trademark/sales mark infringements are not intended or implied.