To Wholesale or Not to Wholesale a Donated Vehicle – You Decide
As I mentioned in the last blog, the expertise of the car donation field lies in the handling of donated vehicles. Anyone can get a car towed to a wholesale or salvage auction and have it sold. But those of us in this field who work closely with charities know that we can make a huge difference when we do a good job processing a donated car. In fact, we can make the difference between a healthy donation to a charity – or just lunch money.
I have a video I want to share with you because I think it illustrates what I’m talking about.
Should we recycle it for parts and crush the rest? Should it be sent to a wholesale auction? Or is there something about this neglected old VW Camper Van that might capture the heart of a buyer? And then, once that heart is captured, bring in more money for the charity the van was donated to? What’s your estimate of the value?
We sold it for almost $700, even though, if you’ll look closely, you’ll see it has no intact motor. Yet, it’s a VW van restorer’s dream. We knew there would be someone who would love this old VW!
And here’s what we’ve learned. With the right vehicle, knowledge, care and effort, we can sometimes increase a vehicle donation value by 450 % (percent). We did it with this old VW. Sending it to be recycled would have brought in about $150 at most instead of almost $700, which we sold it for.
2005 Ford E-350 donated to charity
We do the same thing, too, with high-end vehicles. The Sportsmobile mentioned in a previous blog is a good example of this. Because we screened it out, we sold this 2005 Sportsmobile, which had a high bid at auction of $14,700 — which we declined, instead bringing the van into our retail program -- for $50,000. This was about a 350 % (percent) increase in sale price.
Whether an old or a new car, there’s a common thread between these two donations: both went to retail and both sold for 350 % (percent) to 450 % (percent) more money because of that. — What do you think that meant to the charity or to the bottom line for the van donor’s tax deduction?
We receive many thousands of donated vehicles — cars, vans, trucks, boats, you name it – and from the beginning we’ve refused to take the lazy route of simply shipping them off to either salvage or wholesale auction when a vehicle deserves better.
– The only way to change an industry is by example
Tim
Related posts:
- Wholesale Auctions – Not Always the Best Route The majority of donated vehicles across the nation go straight...
Related posts brought to you by Yet Another Related Posts Plugin.
