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12 Ways to Sell Your Car on the internet
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12 Ways To Sell Your Car Online
Selling your car online is great way to get an affordable price for your car without having to leave your house.
By Karen Aho
Oct 12, 2022
The article is edited by Julie Myhrenunes. Assistant Assigning Editor Auto loans and consumer credit Julie Myhre-Nunes works as an assistant assigning editor at NerdWallet. She has been working in the personal finance space for more than 10 years. Prior to joining NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Julie’s personal financial insights have been featured by Forbes, The Boston Globe and CNBC over the years. Julie’s articles have been published in USA Today, Business Insider and Wired Insights, among others. Email: .
Many or all of the products featured here are from our partners who pay us. This impacts the types of products we feature and where and how the product appears on the page. However, this does not influence our opinions. Our opinions are our own. Here’s a list of and .
Selling your car online- to buyers such as , for example, or other rivals which have appeared in recent years — is becoming an option for motorists interested in selling their car outright or valuing it as an exchange.
With an internet connection , and a few details about your vehicle, you could be fielding offers within just a few minutes. Some of the online car-buying websites will even come to your house to collect 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 registration number (or license plate). Verify the model, make the mileage, color, and the condition of operation.
Answer all questions in detail about the car’s condition and past. Has it been damaged in an accident or flood? Are there any modifications made aftermarket? Does it have any dents or scratches?
Determine if you’re selling or trading. Many online car buyers sell their cars directly to consumers and say their trade-in price isn’t different from the purchase price.
Inform the company about the status of your current loans and leases. Some however, not all companies that sell cars online will buy a vehicle that you are still making payments on and others will purchase leases in the event that the manufacturer allows it. Utilize an online tool to determine whether the offer is fair. But if you owe more than what’s on the amount you are offered, you must provide funds to cover the difference.
Take photos of the car or have a virtual meeting with a representative from the company. Some buyers may not request this service until you’ve accepted an initial offer.
Sell your car online
The most important facts
No-haggle pricing. Prices are non-negotiable.
Vehicles are delivered for free in certain areas.
30-day return option.
Large national inventory with shipping options.
Does not accept credit cards as down payment.
Important facts
Offers are good for 24 hours and are flexible.
No charge to pick up your car.
Present loan as well as negative equity can be acceptable.
Salvage titles and damaged cars are OK.
The most important information
No negotiations on trade-in or sales offers.
Offers are valid for 7 days.
No free pickup outside local Carvana markets.
Cars leased, no equity accepted.
Check out our
Important information
Offers are good for 7 days and are non-negotiable.
Free pick-up of your vehicle.
The current loan and negative equity are acceptable.
There are no cars leased; you’ll have to pay off the lease first.
Key facts
Offers are good for 24 hours and aren’t to be negotiated.
No charge to pick up your car.
Present loan and negative equity is acceptable.
Salvage titles or damaged cars are not a problem.
Key facts
Specializes in older used or damaged vehicles that are damaged or used.
Offers are good for seven days and nonnegotiable.
No charge to pick up your car.
Does not buy vehicles with an active loan.
Salvage titles or scrap cars are acceptable.
Important facts
Offers are valid for 7 days or 250 miles.
Free pick-up of your car.
The current loan or negative equity are OK.
Does not accept salvage title. Does not lease vehicles.
Other options to determine the value of your vehicle:
buys (and sells) cars online. It can take delivery and pick up. If you reside in a city that is a hub for Shift where you live, you are able to bring your car for an evaluation and receive a $300 bonus. Shift buys cars with loans and also offers on vehicles leased. Offers are good for seven days. When you purchase a vehicle, Shift offers free returns for seven days. Shift can also arrange financing too. Keep an eye out for any 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 can make offers on the internet. It is your responsibility to deliver the vehicle to the store. The company’s relationships with new car manufacturers could permit it to purchase a leased car without penalties. Offers are valid for 7 days and 500 miles.
makes instant cash offers via its network of partner dealers. Information is sent to dealers nearby to solicit bids. Unlike Kelley Blue Book’s widely known estimates of values, Instant Cash Offers are a chance to purchase. Dealers are free to adjust price if the vehicle does not meet the specifications. Offers are valid for seven days. Afterwards, you have to take your vehicle to the dealer.
purchases 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. They will look at bank leases on the basis of a case-by-case. The lease is valid for five days and 250 miles. Pickup is offered.
buys cars online; it also sells both used and brand new vehicles on the internet. Pickup and delivery is readily available. Its purchase offers are good for 7 days. On vehicles it sells, Driveway offers the option of free exchange or return for 7 days or 400 miles, minus shipping fees.
What to expect if you decide to sell
Many companies claim that their offer is valid for 7 days, however certain companies require an answer in 24 hours. You are able to enter the details of the car to receive an offer that is new.
The company will arrange to view the vehicle for a thorough inspection of its condition. The company may ask you to submit photos or to make a video conference. Or a company representative may be waiting to inspect the vehicle at the pickup and drop off time. If the vehicle’s condition is not as good as you had stated, the business may modify its offer.
A representative will either email or phone to set up a time to either pick up the vehicle at your home , or deliver it to a drop-off point.
In most cases, charges are usually minimal. Certain companies might charge an administrative charge, 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 send copies of the registration, title and driver’s license to get the ball rolling. Odometer reports, sales contracts and power of attorney documents may be delivered electronically or by overnight mail.
Get rid of the license plates and clean the car of all personal belongings. You can only keep the items that came with the car at the time you purchased it, like the manual for your car, keys and car mats.
A majority of businesses will make a payment when they take the vehicle, typically via either a check or bank draft, which may take several days to get cleared. Some companies offer direct deposit or even cash.
What to do after you have sold your car on the internet
If you own one.
You can cancel the GAP insurance.
Remove the car from your insurance. When the car is taken away or picked up the company’s insurance company is responsible for it.
You must report the sale to the state’s registry of motor vehicles.
If your online offers aren’t enough for your needs,
Keep in mind that the offers offered by online retailers may not always reflect what your car is worth. it’s what they would be willing to spend at that moment. Their algorithms will pay the most for cars which can be easily resold and financed.
If you receive an offer of $500 for a vehicle that you think could be valued at $5,000 it’s the retailer’s way of telling you it doesn’t have the time or desire to purchase your car. This can happen more often when you have older vehicles and high mileage models or cars that have mechanical issues or salvage title cars. Some buyers are interested in these automobiles, but they may not be, for example, Carvana.
Consider selling viable used vehicles directly to other buyers via or . Among online retailers, look for offers such as GiveMeTheVin, Peddle and ALgo.
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