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12 Options to Sell Your Car On the Internet

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12 Options to Sell Your Car on the internet

Selling your car online is a great way to get an affordable price for your car without leaving your home.

By Karen Aho

12 October 2022

Edited by Julie Myhre-Nunes Auto loans and consumer credit Julie Myhre-Nunes is an assistant assigning editor at NerdWallet. She has worked in the personal finance space for more than 10 years. Prior to becoming a part of NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Her personal finance insight has been highlighted on Forbes, The Boston Globe and CNBC through the years. Julie’s writings have been featured through USA Today, Business Insider and Wired Insights, among others. Email: .

A majority of the items featured on this page come from our partners who pay us. This influences which products we feature as well as the place and way the product appears on a page. But, it doesn’t affect our assessments. Our opinions are entirely our own. Here is a list of and .

Selling your car on the internet -for buyers like , for example, or other companies that have emerged in recent years — is becoming a viable option for drivers who are interested in selling their vehicle outright or valuing it as an investment.

If you have an internet connection and some details regarding your car You could be able to get offers within moments. A lot of online car buying websites will even come to your house to collect the vehicle and present you with cash on the spot.

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How to get offers online to sell your vehicle

Enter the car’s 17-digit vehicle registration number (or license plate). Confirm the make, model the mileage, color, as well as the operating conditions.

Answer detailed questions about the car’s condition and past. Has it been in an accident or flood? Does it have aftermarket modifications? Do you see any dents or scratches?

Determine if you’re selling or trading. Many online car buyers sell their cars directly to consumers and claim that their price for trade-in isn’t different from the purchase price.

Be transparent about your the status of your current loans and leases. Many, but not all, online car buying companies will purchase a vehicle you are still making payments on or buy out a lease in the event that the manufacturer allows it. Check with an to determine whether the deal is reasonable. If you owe more than the amount you are offered You must pay to cover the difference.

Take photos of the car or arrange a meeting with a representative from the company. Some buyers might not require this information until you’ve agreed to an initial offer.

Sell your car online

The most important information

No-haggle pricing. Prices are not negotiable.

Vehicles are delivered for free in certain areas.

30-day return option.

National inventory that is large and includes shipping options.

Does not accept credit cards to make down payments.

The most important facts

The offers are valid for 24 hours and are subject to negotiation.

No charge to pick up your car.

Current loan and negative equity is acceptable.

Salvage titles or damaged vehicles are in good condition.

Important facts

There is no negotiation on sales or trade-in offers.

Offers are valid for seven days.

No free pickup outside local Carvana markets.

Cars leased, no equity accepted.

Check out our

Key information

Offers are good for 7 days and are non-negotiable.

No charge to pick up your car.

The current loan or equity negative OK.

No leased cars; you’ll need to purchase your lease in the first place.

Important information

Offers are good for 24 hours, and are not negotiable.

Free pick-up of your vehicle.

The current loan as well as negative equity can be fine.

Salvage titles and damaged cars are OK.

The most important information

Specializes in older used or damaged vehicles.

The offers are valid for seven days and are not negotiable.

No charge to pick up your car.

Do not purchase vehicles with an existing loan.

Scrap cars or salvage titles are acceptable.

Important facts

Offers are valid for 7 days or 250 miles.

No charge to pick up your car.

The current loan as well as negative equity can be fine.

Do not accept salvage titles. Does not buy leased vehicles.

Other options to determine the value of your car:

Purchases (and sells) automobiles online. It will pick up and deliver. If you are in a city that is a hub for Shift, you can bring your vehicle for an assessment and get a $300 bonus. Shift buys cars with loans and may make offers on vehicles leased. Offers are valid for 7 days. For vehicles purchased, Shift offers free returns for 7 days. Shift can arrange financing too. Keep an eye out for an Shift Service Fee that is added to the purchase price; typically, it’s more than $1,000.

Buys cars through its vast chain of franchises that sell new cars, however they can make offers on the internet. You must deliver your vehicle to the retailer. The new-car partnerships it has with major manufacturers could allow it to buy out the lease of a car with no penalties. Offers are valid for 7 days and 500 miles.

arranges instant cash offers through its network of partner dealers. The information is then sent to dealers nearby for bids. Contrary to Kelley Blue Book’s well acknowledged estimates of value, instant cash offers are a chance to buy. Dealers can adjust price if the vehicle does not meet the specifications. Offers are valid for 7 days, and you have to take the vehicle to the purchasing dealer.

buys cars leased via 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. The offers are valid for five days and 250 miles. Pickup is offered.

Buys cars on the internet; it also sells both used and new cars online. Delivery and pickup are also readily available. Its purchase offers are good for 7 days. For vehicles it sells, Driveway gives no-cost return or exchange within up to 400 miles or 7 days, minus shipping fees.

What can you expect when you decide to sell your home

Many companies claim that their offer is good for seven days, but certain companies require to hear from you in 24 hours. It is possible to re-enter the car’s information and get a new offer.

The company will make arrangements to view the vehicle to inspect the condition. It is possible to provide photos or make a video call. A representative from the company may be waiting to inspect the vehicle during the pickup or delivery time. If the vehicle’s condition is worse than you stated, the business may change its offer.

A representative will contact you via email or call to arrange an appointment to collect the vehicle from your home , or deliver it to a pickup point.

In most cases, fees are minimal. There are some companies that charge an administrative fee which is deducted from the price of the offer. The seller may also be charged if they back out of the contract signed.

While each company manages registration and title paperwork according to its own rules you should upload copies of your registration as well as your driver’s licence, title and registration to begin the process. Sales contracts, odometer statements and powers of attorney can arrive for electronic signature or by overnight post.

Remove the license plates, and then clear the car of any personal belongings. You can only keep the items that came with the vehicle at the time you purchased it, like the manual for your car keys, car mats, and keys.

Most companies will hand you an amount of money after they have taken the vehicle, typically via a check or a bank draft, which may take several days to get cleared. Some companies offer direct deposit or even cash.

What do you do next after you sell your car online

If you own one.

Cancel all GAP insurance.

Take the car off your insurance. Once the car is taken away or picked up the company’s insurance is responsible .

Report the sale to your state’s registry of motor vehicles.

If the online offers you’ve found don’t meet your needs

Keep in mind that the offers offered by online retailers are not always indicative of what your car is worth; it’s what they are willing to pay at the moment. Their algorithms are willing to buy the highest amount for vehicles which can be easily resold and finance.

If you receive an offer of $500 on a car that you think to be worth $55,000, it’s that retailer’s way of telling you that it doesn’t have the time or desire to purchase the car you own. This can happen more often with older cars or high mileage vehicles and cars with mechanical problems or salvage title vehicles. There are buyers for those cars, but they may not be, for example, Carvana.

You can consider selling used cars outright to other consumers through or . Among online retailers, look for offers from GiveMeTheVin, Peddle and ALgo.

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