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A charitable auto dealership gives to nonprofits in the form of money and vehicles. The best thing to do is make a list of car dealers in your area, and call the managers of the local dealerships. Ask for dealer donations to your nonprofit.

Many car dealers, like other companies, collect donations from employees for charity. You may be able to get your charity on their donation list. The donation may be cash or a vehicle, but if it is cash, the dealer can guide you through the steps of vehicle purchase, and may even discount it considerably.

Nearly 90 percent of car dealers keep their donations in the local community. Most of their donations go to support community service and local organizations. More than 65 percent organize staff volunteer opportunities in their localities.

Getting Dealer Discounts

If you have collected donations from a local business with the intention of buying a car, again, your local car dealer may work with you to arrange for discounts so that the money you collect will be enough to pay for a car.

Board of Directors

Check with your board of directors to see if anyone has contacts with local car dealerships. Personal relationships are the best way to get donations to a nonprofit, and members of your board of directors are generally leaders in the community.

All members of your board should be able to leverage their contacts to gain support for you, and that includes from local car dealers. These dealers are often influential community members, and are usually willing to donate to charitable causes.

If you have a member of the board who is a car dealer, you should work with that person to see what kind of support is available.

Nonprofit Car Donations

Keep in mind that most large businesses in your community get a lot of requests for donations. First, check to see if your local car dealer has a specific donation program in place. You can do that by going to the dealer’s website and checking to see if it has a community giving page. If so, follow the instructions provided.

Also, if you get a cash or car donation from a dealer, don’t repeat your request each year. Remember, most businesses like to distribute nonprofit donations throughout a community equally.

You see the ads in the newspaper and hear them blaring from the radio: “Get a Used car for zero down!” It sure sounds appealing, but are these offers too good to be true? Can you really buy a car without a down payment?

Yes, you can get a car with no money down, but unless you’re planning to trade in your current vehicle, that zero down payment offer could mean higher monthly payments—and higher costs in the long run. Here’s what you need to know.

Down Payment vs. No Down Payment: What’s the Difference?

Few of us can pay cash for a vehicle upfront, so whether or not you’re making a down payment, you’ll likely be using an auto loan to finance your purchase. However, keep in mind that when you buy a car, you’re not just paying the price of the car. There are additional costs, such as state taxes and registration fees. The dealership may also charge documentation and transportation fees.

If you don’t make a down payment, these fees get rolled into the amount you’re financing. If you’re buying a $25,000 car with zero down payment, for example, you might end up financing $28,000 when all the taxes and fees are added in.

Unfortunately, as soon as you drive your new car off the lot, it begins to depreciate in value—typically by as much as 20% in the first year. If you finance $28,000, and the $25,000 car depreciates by $5,000 when you drive it off the lot, you now have a car worth $20,000 . . . but you owe $28,000 on it.

When you owe more than your vehicle is worth, that means you’re “upside down” on your loan—which is not a good place to be. Second chance loan

Making a 20% down payment helps ensure that even when depreciation is taken into account, you won’t owe more than the car is worth. In addition, making a down payment can help you get better loan terms.