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12 Options for Selling Your Car Online
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12 Options to Sell Your Car On the Internet
Selling your vehicle online is a ideal way to obtain a competitive price for your vehicle without ever leaving your home.
By Karen Aho
12 October 2022
The article is edited by Julie Myhrenunes. Assistant Assigning editor Auto loans, consumer credit Julie Myhre-Nunes works as an assistant assigning editor at NerdWallet. She has been working in the field of personal finance for over 10 years. Prior to joining 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 over the years. Julie’s writing has been published in USA Today, Business Insider and Wired Insights, among others. Email: .
Many or all of the products we feature are provided by our partners, who pay us. This affects the products we write about and where and how the product appears on the page. However, this doesn’t influence our evaluations. Our opinions are entirely our own. Here’s a list of and .
Selling your car on the internet — to buyers such as , , or a dozen other competitors that have emerged in recent years — is becoming a viable option for drivers who are interested in selling their vehicle for cash or using it as an exchange.
With an internet connection and a few details regarding your vehicle You could be able to get offers within just a few minutes. Some of the online car-buying websites can even visit your house to collect the vehicle and present you with a check on the spot.
Find your next used or brand new vehicle easily
Compare prices models, styles, and more from over 1,000,000 cars nationwide. Shop and compare before visiting the dealership, and receive a trade-in offer for your current car in minutes
How do you get online offers to sell your vehicle
Enter the vehicle’s 17-digit identification number or license plate number. Confirm the make, model color, mileage, and the condition of operation.
Answer specific questions regarding the condition of the vehicle and its history. Has it been in an accident or a flood? Do you have any aftermarket modifications? Do you see scratches or dents?
Choose whether you’re trading or selling. Many online car buyers offer cars directly to customers and state that the price they pay for their trade-in does not differ from their purchase price.
Inform the company about the status of your current loans and leases. Many, but not all, online car buying companies will buy a vehicle that you are still making payments on and others will purchase a lease when the manufacturer permits it. Use an to see if the offer is reasonable. However, if you are owed more than the offer you receive You must pay to cover the difference.
Offer photos of your vehicle or schedule a virtual appointment with a representative from the company. Some buyers will not request this service until they have agreed to an initial offer.
Sell your car on the internet
The most important facts
No-haggle pricing. Prices are non-negotiable.
Delivers vehicles at no cost in certain areas.
30-day return option.
Large national inventory with shipping options.
Does not accept credit cards for down payments.
The most important facts
The offers are valid for 24 hours and flexible.
Free pick-up of your vehicle.
The current loan or negative equity are fine.
Salvage titles and damaged cars are OK.
The most important information
No negotiations on trade-in or sales offers.
The offers are valid for seven days.
No free pickup outside local Carvana markets.
Leased cars, negative equity accepted.
The offers are valid for seven days and are not negotiable.
No charge to pick up your vehicle.
The current loan or equity negative are acceptable.
There are no cars leased; you’ll have to buy out your lease in the first place.
The offers are valid for 24 hours, and are not to be negotiated.
No charge to pick up your car.
Present loan or negative equity are fine.
Salvage titles or damaged vehicles are not a problem.
Specializes in older used or damaged vehicles that are damaged or used.
Offers are valid for 7 days and are nonnegotiable.
Free pick-up of your vehicle.
Does not buy vehicles that have the active loan.
Salvage titles or scrap cars are acceptable.
Offers are good for 7 days or 250 additional miles.
There is no cost to pick up your vehicle.
Current loan and negative equity is OK.
Does not accept salvage titles. Does not lease vehicles.
Other options for finding out the value of your vehicle:
buys (and sells) cars on the internet. It can pick up and deliver. If you are in a Shift hub, you can bring your vehicle for an assessment and receive a $300 bonus. Shift purchases cars that have loans and may make offers on leased vehicles. Offers are valid for 7 days. When you purchase a vehicle, Shift offers free returns for seven days. Shift will arrange financing, too. Watch for the Shift Service Fee added to the purchase price; typically, it’s more than $1,000.
purchases cars through its extensive chain of new-car franchises but will make an offer online. The vehicle must be delivered to the dealership. Its new-car relationships with major manufacturers may allow it to purchase a leased car without penalties. Offers are valid for seven days and 500 miles.
arranges instant cash offers through its network of partner dealers. Information is sent to nearby dealers for bids. Unlike Kelley Blue Book’s widely recognized estimates of value, Instant Cash Offers are an opportunity to buy. Dealers can adjust the value of vehicles if they do not meet descriptions. The offer is valid for 7 days. After that, you must return 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 consider bank leases on an individual basis. The offers are valid for 5 days and 250 miles. Pickup is offered.
Buys cars on the internet; it also sells used and brand new vehicles online. Delivery and pickup are also offered. Its purchase offers are good for seven days. On vehicles it sells, Driveway provides no-cost return or exchange within seven days or for 400 miles, minus shipping fees.
What to expect if you decide to sell
Many companies claim that the offer is valid for seven days, but certain companies require a response in 24 hours. It is possible to re-enter the information for your car and receive a new offer.
The company will make arrangements an appointment to visit the vehicle in order to check the condition. It is possible to send photos or have an audio or video chat. The representative of the company could check the vehicle during the pickup and drop off time. If the vehicle’s condition is worse than you stated, the business may modify the terms of its offer.
A representative will email or phone to set up a time to either collect the vehicle from your home or have you deliver it to a drop-off point.
In the majority of cases, fees are minimal. There are some companies that charge an administrative charge, which is deducted from the price of the offer. Sellers may also be charged if they back out of the signed sale agreement.
While each company handles title and registration paperwork according to its own rules be prepared to send copies of the registration driver’s license, title, and title to begin the process. Sales contracts, odometer statements and power of attorney documents may be sent electronically for signatures or through overnight mail.
Take off the license plates and clear the vehicle of personal belongings. Leave only the items that came with the vehicle at the time you purchased it, such as the car manual keys, car mats and keys.
Most companies will hand you the money when they collect the vehicle, usually through the form of a check or a draft, which may take a few days to get cleared. Some offer payment via direct deposit or even cash.
What to do after you’ve sold your car online
, if you have one.
You can cancel any GAP insurance.
Get rid of the car from your insurance. After the car has been picked up or dropped off the car’s online insurance company is responsible for it.
Report the sale to your State’s Registry of Motor Vehicles.
If your online offers don’t meet your needs
Keep in mind that the offers offered by online retailers may not always reflect what your car is worth. it’s what these particular buyers would be willing to spend in the moment. Their algorithms are willing to pay the most for cars that are easily resold and financed.
If you get an offer of $500 for a vehicle you think is worth $5,000, that’s the retailer’s way of telling you it doesn’t have the time or desire to purchase your vehicle. This can happen more often when you have older vehicles or high mileage vehicles and cars with mechanical problems or salvage title vehicles. There are buyers for these cars, but they may not be, for example, Carvana.
Think about selling your used vehicle outright to other consumers through or . Among online retailers, look for deals such as GiveMeTheVin, Peddle and ALgo.
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