Monday, August 22, 2016

DONATING A CAR IN MARYLAND

e charity to which you may want to donate a vehicle must be licensed as a Maryland wholesale dealer. Wholesale dealers may not sell vehicles to a retail buyer. A list of charities that are licensed wholesale vehicle dealers follows. The title of the vehicle must be properly assigned to the charity. This is handled in the same manner as if you were actually selling the vehicle.
Be sure to fill in the name and the address of the charity under the "Assignment of Ownership" section to properly complete the transfer of ownership of the vehicle to the charity. Some charities may request that you leave the new owner information blank, but this leaves you at risk for future problems since the title would then be considered "open" by the MVA and unassigned. It may also affect your tax deduction for the donation.
Before you allow the charity to take your vehicle away, please remove the license plates from the vehicle and return them to the MVA. To avoid uninsured motorist fees, hold onto the receipt you will receive for the plates, and cancel your automobile insurance after you have returned the license plates. For further information... are selling, buying, gifting or donating a vehicle in Maryland, the transaction can be confusing. That’s why each step is covered in this guide to help you privately sell or buy a vehicle, donate or give the vehicle as a gift.
Buyers and sellers should be aware that private vehicle sales (without a licensed dealer) are not regulated by the MVA. Any legal action regarding the sale, warranties, or consumer rights are the sole responsibility of the buyer and the seller.
Always keep a co
  • he title of the vehicle must be properly assigned to the charity. This is handled in the same manner as if you were actually selling the vehicle. Be sure to fill in the name and the address of the charity under the “Assignment of Ownership” section to properly complete transfer of ownership of the vehicle to the charity. Some charities may request that you leave the new owner information blank, but this leaves you at risk for future problems since the title would then be considered “open” by the MVA and unassigned. It may also affect your tax deduction for the donation.
  • The odometer mileage must be filled in on the “Maryland Certificate of Title."
  • If the giver has financed the vehicle, the charity will need the vehicle’s “Maryland Notice of Security Interest Filing” showing the vehicle has been paid off. If that document is not available, please request a letter on the financial institution’s letterhead stating that they hold no security interest and have it signed by the financial institution’s authorized agent. The letter should also include the date of the loan’s creation, the amount, the date of its release, the name and address of the debtor, and a full vehicle description (year, make, and vehicle identification number).
  • Do not leave the license plates on the vehicle. After the title is transferred, remove the license plates from the vehicle and return the plates to the MVA unless you are transferring the plates to another vehicle. You may only transfer the plates if the new vehicle is titled in the same name and the new vehicle classification is the same as the old vehicle. Keep your receipt from the MVA when you return your plates. Keep insurance coverage on the vehicle until the date the plates are returned to the MVA or transferred to the new vehicle.
  • Cancel the vehicle insurance for the donated vehicle. To avoid penalty fees, cancel the vehicle insurance only after the plates have been returned to the MVA or transferred to another vehicle.
Charity:
The charity is responsible for providin

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