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12 Options for Selling Your Car on the internet
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12 Ways To Sell Your Car on the internet
Selling your car online is excellent way to receive the best price for your vehicle without ever leaving your home.
By Karen Aho
Oct 12, 2022
Written by Julie Myhre-Nunes, Auto loans, consumer credit Julie Myhre-Nunes works as an assistant editor assigned to NerdWallet. She has been working in the field of personal finance for over 10 years. Before being hired by NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Personal finance insights from Julie have been featured in Forbes, The Boston Globe and CNBC through the years. Julie’s articles have been published by USA Today, Business Insider and Wired Insights, among others. Email: .
Many or all of the products featured here are from our partners who compensate us. This impacts the types of products we write about and the location and manner in which the product is featured on the page. However, this doesn’t influence our opinions. Our opinions are entirely our own. Here is a list of and .
Selling your car on the internet -with buyers like or other competitors that have sprung up in recent years — is becoming an option for those interested in selling their car for cash or using it as a trade-in.
If you have an internet connection and some details about your vehicle, you could be fielding offers within just a few minutes. A lot of online car buying websites can even visit your home to pick up the vehicle and give you an immediate check.
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How to find offers online to sell your vehicle
Enter the vehicle’s 17-digit identification number or license plate number. Verify the model, make, mileage, color and the condition of operation.
Answer specific questions regarding the condition of the vehicle and its history. Has it been damaged in an accident or flood? Does it have aftermarket modifications? Does it have scratches or dents?
Decide whether you are trading or simply selling. Most online car buyers also sell their cars directly to consumers and say their trade-in price does not differ from their purchase price.
Disclose current loans or leases. Many but not all car dealerships online will purchase a vehicle you are still making payments on and others will purchase a lease in the event that the manufacturer allows it. Check with an to determine whether the offer is fair. If you owe more than the offer you get, you must provide funds to cover the difference.
Offer photos of your vehicle or schedule a virtual appointment with a company representative. Some buyers will not ask for this step until you’ve accepted an initial offer.
Sell your car online
Important facts
No-haggle pricing. Prices are non-negotiable.
Vehicles are delivered for free in some areas.
30-day return option.
A large inventory of national size with shipping options.
Does 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 car.
Current loan and negative equity is OK.
Salvage titles or damaged vehicles are in good condition.
The most important facts
No negotiations on sales or trade-in offers.
The offers are valid for seven days.
No free pickup outside local Carvana markets.
Cars leased, no equity accepted.
Check out our
The most important facts
Offers are good for seven days and are not negotiable.
Free pick-up of your car.
Current loan or negative equity is OK.
There are no cars leased; you’ll have to pay off the lease first.
The most important information
The offers are valid for 24 hours, and are not changeable.
There is no cost to pick up your car.
Present loan and negative equity is acceptable.
Salvage titles or damaged vehicles are OK.
Key facts
We specialize in used and older or damaged automobiles that have been damaged or worn out.
Offers are valid for 7 days and are not negotiable.
No charge to pick up your car.
Don’t purchase cars that have the active loan.
Scrap cars or salvage titles are fine.
Key facts
Offers are good for 7 days or 250 additional miles.
Free pick-up of your vehicle.
The current loan and negative equity is fine.
Does not accept salvage title. Does not buy leased vehicles.
Other options to determine what your car is worth:
buys (and sells) cars on the internet. It will take delivery and pick up. If you are in a Shift hub city and you have a car, you can take your car for an evaluation and receive a $300 bonus. Shift purchases cars that have loans and can offer offers on vehicles leased. Offers are good for seven days. When you purchase a vehicle, Shift offers free returns for seven days. Shift can arrange financing, too. Be aware of an Shift Service Fee that is added to the purchase price, it’s often more than $1,000.
buys cars through its extensive chain of new-car franchises however, they will offer to purchase on the internet. You must deliver your vehicle to the dealership. Its new-car relationships with major manufacturers could allow it to purchase the lease of a car with no penalties. Offers are good for 7 days or 500 miles.
arranges instant cash offers through its dealer network. The information is then sent to dealers in the area to solicit bids. Contrary to Kelley Blue Book’s well known estimates of values, Instant Cash Offers are an opportunity to buy. Dealers can adjust value if vehicles do not match the descriptions. Offers are good for seven days. Afterwards, you must take the car to the buying dealer.
leases cars 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 the basis of a case-by-case. Offers are good for five days and 250 miles. Pickup is possible.
buys cars online; it also sells both new and used cars online. Pickup and delivery are readily available. Its purchase offers are good for seven days. On vehicles it sells, Driveway offers no-cost return or exchange within 7 days or 400 miles, minus shipping fees.
What should you expect if decide to sell
Most companies say their offer is good for 7 days, however some want to hear from you within 24 hours. You are able to enter the car’s information and get an offer that is new.
The company will make arrangements an appointment to visit the vehicle in order for a thorough inspection of the condition. You may be asked to provide photos or make a video conference. A representative from the company may be waiting to inspect the vehicle at the pickup or drop-off time. If the condition of the vehicle is more deteriorated than what you have mentioned, the company may change its offer.
A representative will email or call you to schedule an appointment to take the vehicle to your home or have you deliver it to a pick-up location.
In the majority of cases, fees are minimal. Certain companies might charge an administrative fee deducted from the offer price. Sellers may be charged for this for a breach of the contract signed.
Each company handles title and registration paperwork in its own manner, expect to upload copies of your registration as well as your driver’s licence, title and registration to get the ball rolling. Odometer reports, sales contracts and power of attorney documents may be sent electronically for signatures or via overnight post.
Take off the license plates and clean the car of all personal belongings. You can only keep the items included with the car when you bought it, like the manual for your car, keys and car mats.
A majority of businesses will make an amount of money after they have taken the vehicle, typically via a check or a bank draft, which can take a few days to clear. Certain companies will accept payment through direct deposit or even cash.
What to do after you’ve sold your car online
If you own one.
You can cancel the GAP insurance.
Remove the car from your insurance. After the car has been picked up or dropped off, the online car company’s insurance is responsible for it.
Make sure you report the sale to your local registry for motor vehicle registration.
If your online offers do not meet your requirements, you can opt to change your search.
Bear in mind that the offers offered by online retailers might not reflect the true value of your car’s worth. it’s what they would be willing to spend at that moment. Their algorithms are able to offer the highest price for vehicles which can be easily resold and financed.
If you are offered a price of $500 for a car that you think to be worth $55,000, it’s that retailer’s way to tell you it doesn’t want or need your vehicle. This may happen more frequently when you have older vehicles or high mileage vehicles or cars that have mechanical issues or salvage title vehicles. There are buyers for those automobiles, but they may not be, for instance, Carvana.
Think about selling your used vehicle outright to other consumers through or . Among online retailers, look for offers such as GiveMeTheVin, Peddle and ALgo.
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