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Can I donate a leased car?

guess who Asked by babygrrl over 3 years ago, 1 answer.

Can I donate a leased car?

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The very same day, I shaved, and left this... Answered by bafalken on May 14, 2007, 11:52AM
| 483 answers.

Well, technically you can. However if you are under a lease, this would not necessarily relive you of you're term. What I would recommend is consulting your financial institution about what your options are. Mainly because GAP Insurance & Regular Insurance are mostly for auto accidents. Donations are always good, and yes you can claim tax deductions most of the time by doing so. Though under a lease, if you were to donate your car, you would still be under the lease. Though... I'll tell you what. I'll check around a little further for you, and attempt to locate some national donation sanctions that may possibly pay-off a remainder amount on a donation. I can't make any guarantees that there will be any who do, but its always a potential, so I'll be happy to check my resources for you. Shoot me an e-mail some time, and I'll let you know.

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