Not Ranked
I am not sure but I think that just because you buy something and the proceeds are donated to charity, you cannot claim a tax deduction. If that was the case, you could claim the deduction...then later sell the car for lets say cash. What you are able to claim as a deduction is the difference between what you paid(overpaid) and the reasonable appraised value of the car. Now if you want to call it an old ford '66 roadster and appraise it for a low number...then only you and maybe eventually the IRS will know.
Stu
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