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12 Ways To Sell Your Car on the internet

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12 Options To Sell Your Car On the Internet

Selling your car online is great way to get a competitive price for your vehicle without having to leave your house.

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 editor assigned to NerdWallet. She has worked 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 in 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: .

A majority of the products we feature are provided by our partners, who pay us. This impacts the types of products we write about as well as the place and way the product is featured on the page. But, it doesn’t influence our evaluations. Our opinions are our own. Here’s a list and .

Selling your car onlinewith buyers like , , or a dozen other competitors that have sprung up in recent years — is becoming an option for those looking to sell their car for cash or using it as an exchange.

With an internet connection and some details about your vehicle, you could be fielding offers in a matter of just a few minutes. Some of the online car-buying websites will even come to your home to pick up the vehicle and present you with 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 the mileage, color, and operating condition.

Answer all questions in detail about 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 any dents or scratches?

Determine if you’re trading or selling. Most online car buyers also sell their cars directly to consumers and state that the price they pay for their trade-in isn’t different from the purchase price.

Disclose the status of your current loans or leases. A lot but not all companies that sell cars online will purchase a car that you’re still making payments on or purchase a lease when the manufacturer permits it. Utilize an online tool to determine whether the offer is reasonable. However, if you are owed more than the amount you are offered, you must provide funds to cover the difference.

Offer photos of your vehicle or have a virtual meeting with a representative of the company. Some buyers might not request this service until you have agreed to an initial offer.

Sell your car on the internet

Key facts

No-haggle pricing. Prices are non-negotiable.

Provides vehicles for free in certain areas.

30-day return option.

A large inventory of national size with shipping options.

It does not accept credit card for down payments.

Important facts

Offers are valid for 24 hours and flexible.

No charge to pick up your vehicle.

Present loan as well as negative equity can be fine.

Salvage titles or damaged cars are in good condition.

The most important facts

There are no negotiations regarding sales or trade-in offers.

The offers are valid for 7 days.

No free pickup outside local Carvana markets.

Cars leased, no equity accepted.

Read our

Important information

The offers are valid for seven days and are not negotiable.

No charge to pick up your vehicle.

Present loan or equity negative is OK.

There are no cars leased; you’ll have to pay off your lease in the first place.

Important information

The offers are valid for 24 hours and are not changeable.

Free pick-up of your vehicle.

The current loan as well as negative equity can be fine.

Salvage titles or damaged vehicles are not a problem.

The most important facts

Specializes in older used or damaged vehicles.

Offers are good for seven days and not negotiable.

No charge to pick up your car.

Does not buy vehicles that have an existing loan.

Salvage titles or scrap cars are OK.

The most important facts

Offers are valid for 7 days or 250 additional miles.

No charge to pick up your vehicle.

Present loan and negative equity is acceptable.

Does not accept salvage title. Does not lease vehicles.

Other ways to find out the value of your car:

Buys (and sells) cars online. It will collect and deliver. 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 vehicles with loans and can offer offers on leased vehicles. Offers are valid for seven days. On purchased vehicles, Shift offers free returns for seven days. Shift can arrange financing as well. Watch for an Shift Service Fee, which is added to the purchase cost; typically, it’s more than $1,000.

Buys cars through its vast chain of franchises that sell new cars, however, they will offer to purchase on the internet. It is your responsibility to deliver the vehicle to the retailer. The new-car partnerships it has with major manufacturers may allow it to buy out a leased car without penalties. Offers are valid for seven days and 500 miles.

provides instant cash offers through its dealer network. The information is then sent to dealers nearby to solicit bids. Contrary to Kelley Blue Book’s well recognized estimates of value, the Instant Cash offers represent an opportunity to buy. Dealers are free to adjust the value of vehicles if they do not meet the specifications. Offers are valid for 7 days, and you have to take your vehicle to the dealer.

buys cars leased 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 a case-by-case basis. The offers are valid for 5 days and 250 miles. Pickup is offered.

buys cars online; it also sells both used and new cars on the internet. Pickup and delivery are readily available. Its buy-back offers are valid for seven days. On the vehicles it sells Driveway gives the option of free exchange or return for seven days or for 400 miles, minus shipping fees.

What to expect if you decide to sell your home

Most companies say their offer is valid for seven days, but some want a response in 24 hours. You can always re-enter the details of the car to receive a new offer.

The company will arrange to view the vehicle for a thorough inspection of the 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 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 change its terms of service.

A representative will either email or phone to set up an appointment to collect the vehicle from your residence or drop it off at a drop-off point.

In the majority of cases, charges are usually minimal. Some companies may charge an administrative charge, deducted from the offer price. Sellers may also be charged for a breach of the signed sale agreement.

While each company handles registration and title documents in its own manner, expect to submit copies of registration driver’s license, title, and title to begin the process. Odometer statements, sales contracts and powers of attorney can be delivered electronically or through overnight mail.

Take off the license plates and clear the car of all personal items. You can only keep the items that came with the vehicle when you bought it, such as the car manual, keys and car mats.

The majority of companies will give you an amount of money after they have taken the vehicle, typically via the form of a check or a draft that can take a few days to get cleared. Certain companies will accept payment through 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 picked up or dropped off the car’s online insurance company is responsible for it.

You must report the sale to the local registry for motor vehicle registration.

If your online offers don’t meet your needs

Be aware that the prices offered by online sellers 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 will offer the highest price for vehicles which can be easily resold and finance.

If you are offered a price of $500 on a car you believe is worth $5,000, it’s that retailer’s way to tell you it does not require or want your car. This can happen more often in older vehicles or high mileage vehicles and cars with mechanical problems or salvage title cars. Some buyers are interested in those cars, but they may not be, for example, Carvana.

You can consider selling used cars directly to other buyers via . In the online marketplace, search for offers that come from GiveMeTheVin, Peddle and ALgo.

On a similar note…

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