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12 Ways for Selling Your Car Online
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12 Options To Sell Your Car Online
Selling your vehicle online is a great way to get an affordable price for your vehicle without ever leaving your home.
By Karen Aho
12 October 2022
The article is edited by Julie Myhrenunes. Auto loans Consumer credit, auto loans Julie Myhre-Nunes is an assistant editor assigned to NerdWallet. She has been in the area of personal finance for over 10 years. Before being hired by NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Julie’s personal financial insights have been featured on Forbes, The Boston Globe and CNBC through the years. Julie’s articles have been published through USA Today, Business Insider and Wired Insights, among others. Email: .
Many or all of the products featured here come from our partners, who pay us. This affects the products we write about as well as the place and way the product is featured on the page. However, this does not affect our assessments. Our views are our own. Here’s a list of and .
Selling your car online — to buyers such as or other companies that have emerged — has emerged as an option for those looking to sell their car for cash or using it as an investment.
If you have an internet connection and some basic information regarding your car and you could be receiving offers in a matter of just a few minutes. Some of the online car-buying websites will even come to your home to pick up the vehicle and present you with a check on the spot.
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How do you get online offers to sell your vehicle
Enter the 17-digit vehicle registration number (or license plate). Verify the model, make color, mileage, and operating condition.
Answer all questions in detail about the car’s condition and history. Have you been involved in an accident or flood? Are there any modifications made aftermarket? Do you see any dents or scratches?
Decide whether you are selling or trading. Most online car buyers also sell their cars directly to consumers and claim that their price for trade-in is not different from their purchase price.
Be transparent about your current loans and leases. A lot however, not all companies that sell cars online will buy a vehicle that you’re still making payments on, and some will purchase leases when the manufacturer permits it. Check with an to determine whether the deal is fair. But if you are owed more than the offer you receive then you have to pay to pay the difference.
Offer photos of your vehicle or schedule a virtual appointment with a company representative. Some buyers might not require this information until you have accepted an initial offer.
Sell your car on the internet
Important facts
No-haggle pricing. Prices are non-negotiable.
Vehicles are delivered for free in some areas.
30-day return option.
Large national inventory with shipping options.
Do not accept credit cards for down payments.
Key information
Offers are good for 24 hours, and are subject to negotiation.
There is no cost to pick up your vehicle.
Present loan as well as negative equity can be acceptable.
Salvage titles or damaged cars are OK.
Important information
No negotiations on trade-in or sale offers.
Offers are good for 7 days.
No free pickup outside local Carvana markets.
Cars leased, no equity accepted.
Check out our
The most important facts
Offers are valid for seven days and are not negotiable.
There is no cost to pick up your car.
Present loan or negative equity are acceptable.
No leased cars; you’ll have to pay off your lease in the first place.
Important facts
Offers are valid for 24 hours and are not negotiable.
There is no cost to pick up your vehicle.
Present loan and negative equity is fine.
Salvage titles or damaged vehicles are not a problem.
The most important information
Focuses on older, used or damaged automobiles that have been damaged or worn out.
Offers are good for seven days and nonnegotiable.
There is no cost to pick up your vehicle.
Does not buy vehicles with the active loan.
Salvage titles or scrap cars are OK.
Key facts
Offers are valid for 7 days or 250 miles.
Free pick-up of your car.
Current loan or negative equity are fine.
Does not accept salvage title. Does not lease vehicles.
Other options for finding out the value of your vehicle:
Buys (and sells) automobiles on the internet. It will both take delivery and pick up. If you live in a Shift hub and you have a car, you can take your vehicle to be evaluated and receive a $300 bonus. Shift purchases cars that have loans and also offers on vehicles leased. Offers are valid for seven days. For vehicles purchased, Shift offers free returns for seven days. Shift can arrange financing, too. Be aware of the Shift Service Fee added to the purchase price, typically, it’s more than $1,000.
Buys cars through its vast chain of new-car franchises however they can make offers on the internet. You must deliver your vehicle to the dealership. The company’s relationships with new car manufacturers may allow it to buy out the lease of a car with no penalties. Offers are good for seven days and 500 miles.
arranges instant cash offers through its network of dealers. The information is distributed to nearby dealers for bids. Unlike Kelley Blue Book’s widely recognized estimates of value, the Instant Cash offers represent a chance to buy. Dealers can adjust price if the vehicle does not meet descriptions. The offer is valid for 7 days. After that, you have to take your vehicle to the dealer.
buys cars leased by Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, FIAT, Genesis, GMC, Honda, Hyundai, INFINITI, Jaguar, Jeep, Kia, Land Rover, Lexus, Maserati, Mazda, Mercedes-Benz, MINI, Nissan, Porsche, Ram, Subaru, Toyota and Volkswagen. It will consider leasing through banks on a case-by-case basis. Offers are good for 5 days or 250 miles. Pickup is possible.
buys cars online; it also sells used and brand new vehicles online. Pickup and delivery is available. The purchase offer is valid for seven days. For vehicles it sells, Driveway provides no-cost return or exchange within 7 days or 400 miles without shipping costs.
What to expect if you decide to sell
Many companies claim that their offer is valid for seven days, but some want a response within 24 hours. You are able to enter the information for your car and receive an offer that is new.
The company will arrange for a visit to the vehicle to inspect the condition of the vehicle. You may be asked to provide photos or make a video call. The representative of the company could check the vehicle during the pickup or drop-off time. If the condition of the car is more deteriorated than what you have described, the company could alter the terms of its offer.
A representative will email or phone to set up a time to either take the vehicle to your residence or drop it off at a drop-off location.
In most cases, charges are usually minimal. Some companies may charge an administrative fee, taken out of the sale price. Sellers may be charged when they cancel the agreement signed by both parties.
Each company handles registration and title documents in its own way, expect to upload copies of your registration driver’s license, title, and title to start the process. Odometer statements, sales contracts and powers of attorney can be delivered electronically or via overnight delivery by mail.
Remove the license plates and clear the car of all personal belongings. You can only keep the items that came with the car at the time you purchased it, such as the car manual keys, car mats and keys.
A majority of businesses will make the money when they collect the car, usually via either a check or bank draft that can take several days to clear. Certain companies will accept payment through direct deposit, or even cash.
What should you do when you’ve sold your car online
If you have one.
Retire all GAP insurance.
Take the car off your insurance. After the car has been collected or taken off, the online car company’s insurance company is responsible for it.
Report the sale to your state’s registry of motor vehicles.
If the online offers you’ve found aren’t enough for your needs,
Be aware that online retailers’ offers are not always indicative of what your car’s worth. it’s what they will pay at the moment. Their algorithms are able to pay the most for cars that can be easily resold or financed.
If you are offered a price of $500 for a vehicle that you think could be valued at $5,000 it’s the retailer’s way to tell you it does not require or want your vehicle. This can happen more often when you have older vehicles, high mileage cars and cars with mechanical problems or salvage title vehicles. Some buyers are interested in these vehicles, but they might not be, for example, Carvana.
Consider selling viable used vehicles for sale to other customers via or . When shopping online, look for deals such as GiveMeTheVin, Peddle and ALgo.
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