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12 Ways to Sell Your Car on the internet
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12 Options for Selling Your Car on the internet
Selling your car online is great way to get the best price for your car without ever leaving your home.
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 been 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 on Forbes, The Boston Globe and CNBC over the years. Julie’s articles have been published through USA Today, Business Insider and Wired Insights, among others. Email: .
A majority of the products featured here come from our partners who pay us. This influences which products we review and the location and manner in which the product is featured on a page. But, it doesn’t affect our assessments. Our views are our own. Here is a list of and .
Selling your car online — to buyers such as or other competitors that have emerged is now an option for motorists looking to sell their car outright or valuing it as an exchange.
With an internet connection , and some details regarding your vehicle, you could be fielding offers in a matter of moments. Some of the online car-buying websites will even come to your home to pick up the car and hand you cash on the spot.
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How do you get online offers to sell your vehicle
Enter the car’s 17-digit vehicle ID number, also known as the license plate. Confirm the make, model, mileage, color and operating condition.
Answer detailed questions about the condition of the vehicle and its 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 trading or simply selling. Many online car buyers sell their cars directly to consumers and state that the price they pay for their trade-in does not differ from their purchase price.
Disclose the status of your current loans as well as leases. Many but not all online car buying companies will purchase a car that you are still making payments on, and some will purchase a lease when the manufacturer permits it. Use an to see if the offer is fair. However, if you are owed more than the amount you are offered then you have to pay to cover the difference.
Offer photos of your vehicle or have a virtual meeting with a company representative. Some buyers might not require this information until you have accepted an initial offer.
Sell your car on the internet
Important 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 as down payment.
Important facts
Offers are valid for 24 hours, and are subject to negotiation.
Free pick-up of your vehicle.
The current loan and negative equity is OK.
Salvage titles or damaged cars are not a problem.
The most important facts
There are no negotiations regarding trade-in or sales offers.
Offers are valid for seven days.
No free pickup outside local Carvana markets.
Leased cars, negative equity accepted.
Check out our
Key facts
Offers are good for seven days and are not negotiable.
Free pick-up of your car.
The current loan or negative equity OK.
You can’t lease cars. You’ll have to pay off on lease before you can buy it out.
The most important information
The offers are valid for 24 hours and are not changeable.
Free pick-up of your vehicle.
Present loan or negative equity are OK.
Salvage titles or damaged vehicles are not a problem.
The most important information
Focuses on older, used or damaged vehicles.
Offers are good for 7 days and are nonnegotiable.
No charge to pick up your car.
Do not purchase vehicles with an existing loan.
Scrap cars or salvage titles are acceptable.
Key facts
Offers are good for seven days or 250 additional miles.
There is no cost to pick up your vehicle.
The current loan as well as negative equity can be acceptable.
Do not accept salvage titles. Does not buy leased vehicles.
Other ways to find out the value of your vehicle:
Buys (and sells) automobiles online. It can take delivery and pick up. If you live in a city that is a hub for Shift, you can bring your vehicle for an assessment and receive a $300 bonus. Shift purchases cars that have loans and also offers on vehicles leased. The offers are valid for 7 days. On purchased vehicles, Shift offers free returns for 7 days. Shift can arrange financing too. Be aware of an Shift Service Fee, which is added to the purchase cost; it’s often more than $1,000.
purchases cars through its extensive chain of new-car franchises but will make an offer on the internet. You must deliver your vehicle to the retailer. The new-car partnerships it has with major manufacturers could allow it to buy out lease cars without penalty. Offers are valid for 7 days or 500 miles.
makes instant cash offers via its network of partner dealers. Information is sent to nearby dealers to solicit bids. Contrary to Kelley Blue Book’s well known estimates of values, Instant Cash Offers are an offer to purchase. Dealers are free to adjust price if the vehicle does not match the descriptions. Offers are valid for 7 days, and you have to take the vehicle to the purchasing dealer.
buys 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. It will consider leasing through banks on a case-by-case basis. Offers are good for five days and 250 miles. Pickup is available.
Buys cars on the internet; it also sells both used and new cars online. Delivery and pickup are also readily available. The purchase offer is valid for seven days. On vehicles it sells, Driveway gives the option of free exchange or return for up to 400 miles or 7 days, minus shipping fees.
What to expect if you decide to sell
Most companies say their offer is good for seven days, however some want a response in 24 hours. You are able to enter the information for your car and receive a new offer.
The business will arrange an appointment to visit the vehicle in order to inspect the condition. It is possible to send photos or have a video conference. A representative from the company may check the vehicle during the pickup or drop-off time. If the vehicle’s condition is more deteriorated than what you have mentioned, the company may modify its terms of service.
A representative will contact you via email or call to arrange a time to either pick up the vehicle at your home , or take it back to the drop-off point.
Most of the time, the charges are typically low. There are some companies that charge an administrative fee taken out of the sale price. The seller may also be charged for a breach of the signed sale agreement.
Although each firm handles registration and title documents in its own manner be prepared to send copies of the registration, title and driver’s license to get the ball rolling. Odometer reports, sales contracts and power of attorney may arrive for electronic signature or through overnight delivery by mail.
Take off the license plates and clean the vehicle of personal items. Only leave the things that came with the vehicle at the time you purchased it, like the car manual, keys and car mats.
A majority of businesses will make an amount of money after they have taken the vehicle, usually through the form of a check or a draft, which may take a few days to clear. Some offer payment via direct deposit or even cash.
What should you do when you’ve sold your car online
If you own one.
Retire any GAP insurance.
Remove the car from your insurance. After the car has been picked up or dropped off the company’s insurance is responsible .
Make sure you report the sale to your State’s Registry of Motor Vehicles.
If your online offerings aren’t enough for your needs,
Bear in mind that the offers offered by online retailers may not always reflect what your car’s worth. it’s what they will pay at the moment. Their algorithms will buy the highest amount for vehicles that are easily resold and financed.
If you are offered a price of $500 on a car you believe could be valued at $5,000 it’s the retailer’s way to tell you it doesn’t require or want the car you own. It is more likely to happen when you have older vehicles, high mileage cars, cars with mechanical issues or salvage title cars. Some buyers are interested in these cars, but they may not be, for example, Carvana.
You can consider selling used cars outright to other consumers through or . In the online marketplace, search for offers from GiveMeTheVin, Peddle and ALgo.
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