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12 Options for Selling Your Car On the Internet
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12 Options To Sell Your Car On the Internet
Selling your vehicle online is a great way to get an affordable price for your car without ever leaving your home.
By Karen Aho
12 October 2022
Written by Julie Myhre-Nunes, Assistant Assigning Editor Auto loans, consumer credit Julie Myhre-Nunes works as an assistant assigning editor at NerdWallet. She has been working in the personal finance space for over 10 years. Prior to being hired by NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Personal finance insights from Julie have been highlighted by Forbes, The Boston Globe and CNBC throughout the years. Julie’s writing has been published by 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 influences which products we write about and where and how the product is featured on the page. But, it doesn’t influence our opinions. Our opinions are entirely our own. Here’s a list of and .
Selling your car onlinefor buyers like , for example, or other companies that have sprung up — has emerged as an option for motorists looking to sell their car for cash or using it as an investment.
With an internet connection and some details regarding your vehicle You could be able to get offers in a matter of moments. A lot of online car buying websites can even visit your house to collect the vehicle and present you with an immediate check.
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How to find offers online to sell your vehicle
Enter the car’s 17-digit vehicle ID number, also known as the license plate. Confirm the make, model, mileage, color and the condition of operation.
Answer all questions in detail about the condition of the vehicle and its history. Have you been involved damaged in an accident or flood? Does it have aftermarket modifications? Do you see scratch marks or dents?
Determine if you’re trading or selling. Most online car buyers also offer cars directly to customers and say their trade-in price isn’t different from the purchase price.
Be transparent about your current loans and leases. Some, but not all, online car buying companies will purchase a car that you are still making payments on and others will purchase a lease when the manufacturer permits it. Check with an to determine if the offer is reasonable. If you are owed more than the offer you get, you must provide funds to cover the difference.
Take photos of the car or schedule a virtual appointment with a company representative. Some buyers will not require this information until you’ve agreed to an initial offer.
Sell your car on the internet
Key information
No-haggle pricing. Prices are non-negotiable.
Provides vehicles for free in certain areas.
30-day return option.
Large national inventory with shipping options.
Do not accept credit cards as down payment.
Important facts
The offers are valid for 24 hours, and are subject to negotiation.
There is no cost to pick up your car.
The current loan or negative equity are fine.
Salvage titles or damaged vehicles are not a problem.
Important facts
There is no negotiation on sales or trade-in offers.
Offers are good for 7 days.
No free pickup outside local Carvana markets.
Cars leased, no equity accepted.
Read our
Important facts
Offers are valid for 7 days and are non-negotiable.
There is no cost to pick up your car.
The current loan or negative equity is OK.
No leased cars; you’ll need to purchase on lease before you can buy it out.
Important information
Offers are good for 24 hours, and are not to be negotiated.
No charge to pick up your car.
Present loan or negative equity are acceptable.
Salvage titles or damaged vehicles are OK.
Important facts
We specialize in used and older or damaged vehicles that are damaged or used.
Offers are valid for seven days and nonnegotiable.
Free pick-up of your vehicle.
Do not purchase vehicles with an active loan.
Scrap cars or salvage titles are OK.
Important facts
Offers are valid for seven days or 250 additional miles.
Free pick-up of your vehicle.
The current loan as well as negative equity can be acceptable.
Does not accept salvage title. Does not lease vehicles.
Other options to determine what your car is worth:
Purchases (and sells) cars online. It will both collect and deliver. If you reside in a city that is a hub for Shift, you can bring your vehicle for an assessment and earn a $300 reward. Shift purchases cars that have loans and may make offers on leased vehicles. Offers are good for seven days. On purchased vehicles, Shift offers free returns for seven days. Shift can arrange financing too. Be aware of any Shift Service Fee, which is added to the purchase price, typically, it’s more than $1,000.
buys cars through its extensive network of franchises for new cars however, they will offer to purchase online. It is your responsibility to deliver the vehicle to the store. Its new-car relationships with major manufacturers might permit it to purchase lease cars without penalty. Offers are good for 7 days and 500 miles.
provides instant cash offers through its network of dealers. The information is distributed to nearby dealers to solicit bids. Unlike Kelley Blue Book’s widely acknowledged estimates of value Instant Cash Offers are an offer to purchase. Dealers are free to alter value if vehicles do not meet the specifications. Offers are valid for 7 days, and you must take your vehicle to the 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 the basis of a case-by-case. The lease is valid for 5 days or 250 miles. Pickup is possible.
buys cars online; it also sells used and brand new vehicles online. Delivery and pickup are also offered. Its purchase offers are good for 7 days. On vehicles it sells, Driveway gives no-cost return or exchange within 7 days or 400 miles without shipping costs.
What to expect if you decide to sell your home
The majority of companies state that the offer is valid for 7 days, however some want to hear from you with in just 24 hours. It is possible to re-enter the car’s information and get an offer that is new.
The company will arrange for a visit to the vehicle to check its condition. It is possible to provide photos or make a video conference. Or a company representative may wait and inspect the vehicle prior to the pick-up or delivery time. If the condition of the car is more deteriorated than what you have stated, the business may alter its terms of service.
A representative will email or call you to schedule the time for you to pick up the vehicle at your home or have you deliver it to a drop-off point.
Most of the time, the fees are minimal. There are some companies that charge an administrative fee, taken out of the sale price. Sellers may be charged for this for a breach of the agreement signed by both parties.
Each company handles title and registration paperwork according to its own rules you should send copies of the registration as well as your driver’s licence, title and registration to get the ball rolling. Odometer statements, sales contracts and powers of attorney can be sent electronically for signatures or through overnight mail.
Remove the license plates, and then clear the car of any personal belongings. Leave only the items included with the car at the time you purchased it, like the manual for your car, keys and car mats.
The majority of companies will give you a payment when they take the vehicle, usually through either a check or bank draft that can take several days to be cleared. Some offer payment via direct deposit, or even cash.
What to do after you’ve sold your car online
If you own one.
Retire all GAP insurance.
Take the car off your insurance. After the car has been picked up or dropped off the car’s online insurance is responsible .
Make sure you report the sale to your local registry for motor vehicle registration.
If your online offerings do not meet your requirements, you can opt to change your search.
Keep in mind that online retailers’ offers may not always reflect what your car is worth; it’s what these particular buyers are willing to pay at the moment. Their algorithms are willing to offer the highest price for vehicles which can be easily resold and financed.
If you receive an offer of $500 on a car you think to be worth $55,000, it’s that retailer’s way of telling you it doesn’t require or want the car you own. This can happen more often in older vehicles or high mileage vehicles, cars with mechanical issues or salvage title vehicles. These are the kinds of cars that are sought-after by buyers. these vehicles, but they might not be, for example, Carvana.
You can consider selling used cars outright to other consumers via or . Among online retailers, look for offers such as GiveMeTheVin, Peddle and ALgo.
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