When you buy a used vehicle, what do you do with the old one? If you try to sell it, you probably won’t get the price you are asking for. If you go too low, the buyer will ask what’s wrong with it. If you go too high, you won’t be able to sell it.
Trying to find the right price for the vehicle and the right buyer can be a monumental headache. Sometimes it might be easier to give the car away and let someone else take care of it. If you are interested in getting rid of your car, there are plenty of ways to do it. You can give to a charity that you agree with. You can give it to someone you know. Or, you can try any of the following.
If you have a vehicle of any condition that’s rare, one of a kind, or unique, you might consider donating it to any of the 30-plus automotive museums in the United States. The entire display collection at the Peterson Automotive Museum in Los Angeles is 100% donated to the museum, as is the collection at the R.E. Olds Transportation Museum in Lansing, Michigan. An automotive museum will gladly take any vehicle of any condition, but some tend to be more selective than others. A museum devoted to NASCAR will want former NASCAR racers, a Corvette museum wants Corvettes, and so on.
When you donate a vehicle to a museum, one of two things will happen. They will either find a place for it in the museum or they will sell it. If they keep it, then it will find a permanent home inside its collection. If they sell it, then the car will find a home with the person that is looking for that model car.
Alternatively, you can simply sell the vehicle. Auto museums do organize a lot of private and public car auctions in the United States, and can match your car with the right buyer. But donating a car to a museum does have one distinct advantage over giving to a charity: you can still deduct the fair market value of the vehicle when donating to a museum. If you let a charity have it, you can only deduct what the vehicle sold for.