Write About Everything

Our top selections

Top Picks

Tips and Guides

Guides

Calculators

Tools

My NerdWallet

12 Ways for Selling Your Car on the internet

Advertiser disclosure You’re our first priority. Everytime. We believe that everyone should be able to make sound financial decisions without hesitation. Although our website does not include every financial or company product that is available We’re pleased of the advice we provide and the information we offer as well as the tools we design are independent, objective easy to use and cost-free. How do we earn money? Our partners compensate us. This could influence the types of products we review and write about (and the places they are featured on our website) however it does not affect our advice or suggestions that are based on many hours of study. Our partners cannot promise us favorable review of their services or products. .

12 Options for Selling Your Car On the Internet

Selling your vehicle online is a excellent way to receive a competitive 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 is an assistant assigning editor at NerdWallet. She has been in the personal finance space for more than 10 years. Before joining NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Her personal finance insight has been highlighted by 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: .

The majority or all of the items featured on this page are from our partners, who pay us. This affects the products we review as well as the place and way the product is featured on the page. But, it doesn’t affect our assessments. Our opinions are our own. Here’s a list of and .

Selling your car online -for buyers like , for example, or other competitors that have sprung up in recent years — is becoming an option for motorists looking to sell their car outright or valuing it as a trade-in.

If you have an internet connection and some basic information about your vehicle and you could be receiving offers in just a few moments. Some of the online car-buying websites will even come to your home to pick up the car and hand you an immediate check.

AD

Find your next used or new automobile with ease

Compare prices models, styles and more from over 1,000,000 cars nationwide. Compare and shop before going to the dealer, and get the best trade-in price for your current vehicle in a matter of only a few minutes

on TrueCar

How to get offers online to sell your car

Enter the vehicle’s 17-digit identification number or license plate number. Verify the model, make, mileage, color and operating condition.

Answer detailed questions about the car’s condition and history. Has it been in an accident or flood? Do you have any aftermarket modifications? Does it have scratch marks or dents?

Decide whether you are selling or trading. Many online car buyers sell cars directly to consumers and state that the price they pay for their trade-in isn’t different from the purchase price.

Inform the company about the status of your current loans as well as leases. Many, but not all, car dealerships online will purchase a car that you’re still making payments on and others will purchase a lease if the manufacturer allows it. Check with an to determine if the offer is fair. If you owe more than what’s on the offer you receive, you must provide funds to make up the difference.

Offer photos of your vehicle or have a virtual meeting with a company representative. Some buyers will not request this service until you’ve accepted the initial offer.

Sell your car online

Important facts

No-haggle pricing. Prices are not negotiable.

Vehicles are delivered for free in some areas.

30-day return option.

National inventory that is large and includes shipping options.

It does not accept credit card as down payment.

Important facts

Offers are good for 24 hours, and are flexible.

There is no cost to pick up your car.

The current loan and negative equity is acceptable.

Salvage titles or damaged cars are in good condition.

Important facts

No negotiations 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

Key facts

The offers are valid for 7 days and non-negotiable.

There is no cost to pick up your car.

The current loan or negative equity OK.

There are no cars leased; you’ll need to purchase your lease in the first place.

Important facts

The offers are valid for 24 hours, and are not negotiable.

There is no cost to pick up your car.

Present loan and negative equity is fine.

Salvage titles and damaged cars are not a problem.

The most important information

Specializes in older used or damaged vehicles that are damaged or used.

Offers are valid for seven days and are nonnegotiable.

No charge to pick up your car.

Don’t purchase cars with the active loan.

Salvage titles or scrap cars are acceptable.

Important information

Offers are valid for 7 days or 250 miles.

Free pick-up of your car.

The current loan or negative equity are acceptable.

Do not accept salvage titles. Does not lease vehicles.

Other options to determine the value of your car:

buys (and sells) cars online. It will both take delivery and pick up. If you are in a city that is a hub for Shift where you live, you are able to bring your vehicle to be evaluated and get a $300 bonus. Shift buys cars with loans and may make offers on leased vehicles. Offers are good for 7 days. On purchased vehicles, Shift offers free returns for seven days. Shift will arrange financing, too. Keep an eye out for any Shift Service Fee, which is added to the purchase price; it’s often 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 may permit it to purchase lease cars without penalty. The offers are valid for 7 days or 500 miles.

provides instant cash offers through its dealer network. Information is sent to dealers in the area for 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 meet descriptions. Offers are valid for 7 days. After that, you must return the vehicle to the purchasing 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. They will look at bank leases on an individual basis. Offers are good for five days and 250 miles. Pickup is offered.

It buys cars on the internet, and also sells used and brand new vehicles online. Pickup and delivery are available. Its purchase offers are good for 7 days. For vehicles it sells, Driveway provides the option of free exchange or return for seven days or for 400 miles with no shipping charges.

What should you expect if decide to sell

The majority of companies state that their offer is good for seven days, however certain companies require to hear from you within 24 hours. You can always re-enter the details of the car to receive the new deal.

The company will make arrangements an appointment to visit the vehicle in order to check the condition of the vehicle. The company may ask you to provide photos or make a video conference. A representative from the company may check the vehicle prior to the pick-up and drop off time. If the condition of the vehicle is not as good as you had described, the company could change its offer.

A representative will either email or call to arrange a time to either collect the vehicle from your home or have you take it back to the pick-up location.

In the majority of cases, charges are usually minimal. Some companies may charge an administrative fee which is deducted from the price of the offer. Sellers could also be charged if they back out of the agreement signed by both parties.

While each company manages registration and title paperwork in its own manner be prepared to submit copies of registration as well as your driver’s licence, title and registration to get the ball rolling. Sales contracts, odometer statements and powers of attorney can be sent electronically for signatures or by overnight mail.

Remove the license plates and clear the car of any personal items. Only leave the things included with the car when you bought it, like the car manual keys, car mats and keys.

A majority of businesses will make an amount of money after they have taken the vehicle, typically via the form of a check or a draft, which can take a few days to get cleared. Some companies offer direct deposit or even cash.

What do you do next after you’ve sold your car online

If you have one.

Retire any GAP insurance.

Take the car off your insurance. Once the car is collected or taken off, the online car company’s insurance is responsible for it.

You must report the sale to the State’s Registry of Motor Vehicles.

If the online offers you’ve found aren’t enough for your needs,

Bear in mind that the offers offered by online retailers might not reflect the true value of your car is worth. it’s what the particular buyers will pay in the moment. Their algorithms are able to offer the highest price for vehicles that are easily resold and financing.

If you are offered a price of $500 for a car you think to be worth $55,000, it’s that retailer’s way of telling you it does not have the time or desire to purchase the car you own. This can happen more often when you have older vehicles, high mileage cars and cars with mechanical problems or salvage title cars. Some buyers are interested in these vehicles, but they might not be, say, Carvana.

You can consider selling used cars outright to other consumers via or . When shopping online, look for offers such as GiveMeTheVin, Peddle and ALgo.

In a similar vein…

Dive even deeper in Auto Loans

Take all the appropriate money moves

The Banking Credit Card is a Financial Planning Finance News Insurance Investing Loans Mortgages Small Business Taxes Travel

About

help

Legal

Download the application

Disclaimer: NerdWallet strives to keep its information accurate and up-to-date. This information may be different from what you will see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping services and products are provided without warranty. When evaluating offers, please go through the Financial Institution’s Terms and Conditions. Pre-qualified offers do not bind. If you find discrepancies with your credit score, or any other information from your credit reports, please contact TransUnion(r) direct. NerdWallet Compare, Inc. NMLS ID# 1617539 California: California Finance Lender loans are arranged in accordance with Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license number. OK92033) NerdWallet(tm) | 55 Hawthorne St. – 11th Floor, San Francisco, CA 94105

NerdWallet USA

|

|

|

|

(c) 2023 NerdWallet, Inc. All Rights Reserved.

In the event you loved this post and you would like to receive details relating to $255 Payday Loans Online Same Day (https://loan-hdf.site) please visit our own web site.