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12 Options for Selling Your Car on the internet

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12 Options for Selling Your Car Online

Selling your car online is excellent way to receive the best price for your car without having to leave your house.

By Karen Aho

12 October 2022

Edited by Julie Myhre-Nunes Assistant Assigning editor Auto loans and consumer credit Julie Myhre-Nunes works as an assistant editor assigned to NerdWallet. She has been in the area of personal finance for over 10 years. Before becoming a part of NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Julie’s personal financial insights have been featured in Forbes, The Boston Globe and CNBC throughout the years. Julie’s writings have been featured through USA Today, Business Insider and Wired Insights, among others. Email: .

The majority or all of the products we feature are from our partners who pay us. This impacts the types of products we write about and where and how the product appears on the page. However, this doesn’t influence our evaluations. Our opinions are our own. Here’s a list and .

Selling your car online -with buyers like , , or a dozen other competitors that have emerged in recent years — is becoming an option for motorists interested in selling their car in full or offering it for sale as an exchange.

With an internet connection , and a few details about your vehicle, you could be fielding offers in just a few just a few minutes. A lot of online car buying websites can even visit your home to pick up the vehicle and give you an immediate check.

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How to get offers online to sell your vehicle

Enter the 17-digit vehicle ID number, also known as the license plate. Check the make, model color, mileage, and the condition of operation.

Answer detailed questions about the car’s condition and history. Was it involved in an accident or flood? Does it have aftermarket modifications? Does it have any dents or scratches?

Decide whether you are selling or trading. Most online car buyers also sell cars directly to consumers and say their trade-in price does not differ from their purchase price.

Inform the company about current loans as well as leases. Many, but not all, online car buying companies will purchase a vehicle is still paying on, and some will purchase leases when the manufacturer permits it. Use an to see if the offer is fair. However, if you owe more than the amount you are offered, you must provide funds to pay the difference.

Take photos of the car or have a virtual meeting with a company representative. Some buyers will not request this service until they have agreed to an initial offer.

Sell your car on the internet

Important information

No-haggle pricing. Prices are non-negotiable.

Provides vehicles for free in some areas.

30-day return option.

National inventory that is large and includes shipping options.

Does not accept credit cards to make down payments.

Important information

Offers are good for 24 hours and are flexible.

No charge to pick up your car.

The current loan and negative equity is OK.

Salvage titles and damaged cars are not a problem.

The most important facts

No negotiations on trade-in or sale offers.

Offers are good for 7 days.

No free pickup outside local Carvana markets.

Leased cars, negative equity accepted.

Read our

Important information

Offers are valid for 7 days and are non-negotiable.

No charge to pick up your car.

The current loan or equity negative is OK.

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

Important information

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

Free pick-up of your car.

Present loan as well as negative equity can be OK.

Salvage titles and damaged cars are not a problem.

Important information

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

Offers are good for seven days and are non-negotiable.

Free pick-up of your vehicle.

Do not purchase vehicles that have an existing loan.

Scrap cars or salvage titles are OK.

Key information

Offers are valid for seven days or 250 miles.

No charge to pick up your vehicle.

Present loan and negative equity is acceptable.

Does not accept salvage titles. Does not lease vehicles.

Other options for finding out the value of your car:

Buys (and sells) automobiles online. It can take delivery and pick up. If you are in a city that is a hub for Shift and you have a car, you can take your vehicle for an assessment and receive a $300 bonus. Shift purchases vehicles with loans and may make offers on leased vehicles. Offers are valid for 7 days. For vehicles purchased, Shift offers free returns for seven days. Shift will arrange financing too. Keep an eye out for an Shift Service Fee added to the purchase price, it’s usually 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 retailer. Its new-car relationships with major manufacturers may allow it to purchase lease cars without penalty. Offers are valid for 7 days or 500 miles.

arranges instant cash offers through its network of partner dealers. The information is then sent to dealers nearby for bids. Unlike Kelley Blue Book’s widely acknowledged estimates of value, the Instant Cash offers represent an opportunity to purchase. Dealers can adjust value if vehicles do not meet descriptions. The offer is valid for 7 days, and you have to take 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. It consider bank leases on an individual basis. The offers are valid for five days and 250 miles. Pickup is available.

Buys cars on the internet; it also sells new and used cars online. Pickup and delivery is available. Its purchase offers are good for seven days. On the vehicles it sells Driveway offers the option of free exchange or return for 7 days or 400 miles with no shipping charges.

What should you expect if decide to sell your home

Most companies say the offer is valid for 7 days, however some want to hear from you in 24 hours. You can always re-enter the car’s information and get an offer that is new.

The business will arrange to view the vehicle to inspect the condition of the vehicle. It is possible to send photos or have a video conference. The representative of the company could wait and inspect the vehicle prior to the pick-up or drop-off time. If the condition of the vehicle is not as good as you had stated, the business may alter its terms of service.

A representative will contact you via email or call to arrange the time for you to collect the vehicle from your residence or take it back to the drop-off location.

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

Although each firm manages registration and title paperwork in its own manner you should upload copies of your registration, title and driver’s license to start the process. Odometer reports, sales contracts and powers of attorney can arrive for electronic signature or by overnight mail.

Take off the license plates, and then clear the car of any personal items. Leave only the items that came with the car when you bought it like the manual for your car keys, car mats and keys.

A majority of businesses will make the money when they collect the car, usually via either a check or bank draft, which may take a few days to be cleared. Some offer payment via direct deposit, or even cash.

What do you do next after you have sold your car on the internet

, if you have one.

Cancel any GAP insurance.

Remove the car from your insurance. When the car is taken away or picked up the company’s insurance is responsible for it.

Make sure you report the sale to your State’s Registry of Motor Vehicles.

If the online offers you’ve found do not meet your requirements, you can opt to change your search.

Keep in mind that the offers offered by online retailers may not always reflect what your car is worth; it’s what they will pay at the moment. Their algorithms are willing to buy the highest amount for vehicles which can be easily resold and finance.

If you get an offer of $500 on a car you think to be worth $55,000, that’s the retailer’s way to tell you it doesn’t have the time or desire to purchase the car you own. This can happen more often with older cars, high mileage cars or cars that have mechanical issues or salvage title vehicles. Some buyers are interested in those cars, but they may not be, say, Carvana.

Consider selling viable used vehicles outright to other consumers via . In the online marketplace, search for deals that come from GiveMeTheVin, Peddle and ALgo.

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