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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 a ideal way to obtain an affordable price for your car without having to leave your house.
By Karen Aho
12 October 2022
The article is edited by Julie Myhrenunes. Auto loans Consumer credit, auto loans Julie Myhre-Nunes is an assistant assigning editor at NerdWallet. She has been working in the personal finance space 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 highlighted on 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: .
The majority or all of the products featured here are provided by our partners, who pay us. This influences which products we feature 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’s a list of and .
Selling your car on the internet — to buyers such as , , or a dozen other companies that have emerged is now an option for motorists interested in selling their car in full or offering it for sale as an investment.
If you have an internet connection and a few details about your vehicle and you could be receiving offers in just a few moments. Many online car-buying sites will even come to your house to collect the vehicle and present you with an immediate check.
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How do you get online offers to sell your vehicle
Enter the 17-digit vehicle identification number or license plate number. Confirm the make, model color, mileage, and the condition of operation.
Answer all questions in detail about the condition of the vehicle and its history. Was it involved in an accident or a flood? Does it have aftermarket modifications? Does it have scratch marks or dents?
Choose whether you’re trading or selling. Many online car buyers sell cars directly to consumers and say their trade-in price isn’t different from the purchase price.
Be transparent about your current loans and leases. Some however, not all car dealerships online will purchase a vehicle you are still making payments on or purchase leases when the manufacturer permits it. Check with an to determine whether the offer is fair. If you are owed more than the offer you get You must pay to cover the difference.
Take photos of the car or have a virtual meeting with a representative from the company. Some buyers will not ask for this step until you have agreed to an initial offer.
Sell your car on the internet
Key information
No-haggle pricing. Prices are non-negotiable.
Delivers vehicles at no cost in certain areas.
30-day return option.
National inventory that is large and includes shipping options.
It does not accept credit card as down payment.
The most important information
Offers are valid for 24 hours and are negotiable.
There is no cost to pick up your car.
Current loan and negative equity is OK.
Salvage titles or damaged cars are not a problem.
Important facts
No negotiations on trade-in or sales offers.
The offers are valid for seven days.
No free pickup outside local Carvana markets.
Cars leased, no equity accepted.
Read our
Important facts
Offers are valid for seven days and are not negotiable.
Free pick-up of your car.
Current loan and negative equity are acceptable.
You can’t lease cars. You’ll need to purchase your lease in the first place.
The most important information
The offers are valid for 24 hours, and are not negotiable.
Free pick-up of your vehicle.
Present loan as well as negative equity can be acceptable.
Salvage titles or damaged cars are not a problem.
Important facts
Focuses on older, used or damaged vehicles that are damaged or used.
The offers are valid for 7 days and are nonnegotiable.
Free pick-up of your car.
Does not buy vehicles with an active loan.
Scrap cars or salvage titles are acceptable.
Key information
Offers are valid for 7 days or 250 additional miles.
There is no cost to pick up your car.
Present loan and negative equity is fine.
Does not accept salvage title. Do not purchase leased vehicles.
Other options to determine the value of your vehicle:
Purchases (and sells) cars online. It will both take delivery and pick up. If you are in a Shift hub city where you live, you are able to bring your vehicle for an assessment and receive a $300 bonus. Shift buys cars with loans and also offers on vehicles leased. Offers are valid for seven days. On purchased vehicles, Shift offers free returns for seven days. Shift can also arrange financing as well. Be aware of the Shift Service Fee, which is added to the purchase price; it’s usually more than $1,000.
buys cars through its extensive chain of franchises that sell new cars, but will make an offer on the internet. It is your responsibility to deliver the vehicle to the dealership. The company’s relationships with new car manufacturers could allow it to purchase lease cars without penalty. Offers are good for 7 days and 500 miles.
arranges instant cash offers through its network of partner dealers. The information is then sent to nearby dealers to request bids. Contrary to Kelley Blue Book’s well recognized estimates of value, instant cash offers are a chance to buy. Dealers can adjust the value of vehicles if they do not match the descriptions. Offers are good for 7 days, and you must return your vehicle to the dealer.
leases cars 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 an individual basis. The offers are valid for 5 days or 250 miles. Pickup is available.
Buys cars on the internet; it also sells new and used cars online. Delivery and pickup are also offered. The purchase offer is valid for 7 days. On vehicles it sells, Driveway provides free return or exchange for up to 400 miles or 7 days, minus shipping fees.
What can you expect when you decide to sell
Most companies say the offer is valid for 7 days, however some require a response with in just 24 hours. You can always re-enter the details of the car to receive the new deal.
The company will arrange for a visit to the vehicle for a thorough inspection of its condition. It is possible to send photos or have a video conference. A representative from the company may wait and inspect the vehicle during the pickup and drop off time. If the vehicle’s condition is worse than you described, the company could modify its terms of service.
A representative will either email or call you to schedule an appointment to collect the vehicle from your home or have you take it back to the pickup point.
In most cases, charges are usually minimal. Some companies may charge an administrative fee, taken out of the sale price. Sellers may also be charged if they back out of the agreement signed by both parties.
While each company handles registration and title documents in its own way be prepared to send copies of the registration driver’s license, title, and title to begin the process. Odometer statements, sales contracts and powers of attorney can be sent electronically for signatures or via overnight delivery by mail.
Take off the license plates, and then clear the car of any personal items. Leave only the items that came with the vehicle when you bought it, like the manual for your car keys, car mats and keys.
The majority of companies will give you an amount of money after they have taken the car, usually via a check or a bank draft, which can take a few days to clear. Some offer payment via direct deposit, or even cash.
What should you do when you have sold your car on the internet
, if you have one.
Cancel the GAP insurance.
Get rid of the car from your insurance. When the car is taken away or picked up the company’s insurance is responsible for it.
Report the sale to your local registry for motor vehicle registration.
If your online offerings aren’t enough for your needs,
Be aware that the offers offered by online retailers are not always indicative of what your car is worth. it’s what these particular buyers would be willing to spend in the moment. Their algorithms are willing to buy the highest amount for vehicles which can be easily resold and financed.
If you get an offer of $500 for a car you believe to be worth $55,000, that’s the retailer’s way to tell you it does not want or need your vehicle. This may happen more frequently when you have older vehicles and high mileage models and cars with mechanical problems or salvage title cars. There are buyers for those vehicles, but they might not be, for instance, Carvana.
Consider selling viable used vehicles for sale to other customers via . In the online marketplace, search for deals such as GiveMeTheVin, Peddle and ALgo.
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