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12 Ways for Selling Your Car On the Internet
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12 Ways To Sell Your Car On the Internet
Selling your vehicle online is a great way to get an affordable price for your car without ever leaving your home.
By Karen Aho
12 October 2022
Edited by Julie Myhre-Nunes 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 becoming a part of 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 throughout the years. Julie’s writings have been featured in USA Today, Business Insider and Wired Insights, among others. Email: .
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Selling your car onlinewith buyers like , for example, or other competitors that have sprung up in recent years — is becoming a viable option for drivers looking to sell their car in full or offering it for sale as a trade-in.
If you have an internet connection and some basic information regarding your car, you could be fielding offers in just a few minutes. Many online car-buying sites can even visit your house to collect the car and hand you cash on the spot.
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How to find offers online to sell your vehicle
Enter the car’s 17-digit vehicle registration number (or license plate). Check the make, model the mileage, color, and operating condition.
Answer specific questions regarding the car’s condition and past. Was it involved in an accident or a flood? Are there any modifications made aftermarket? Does it have scratches or dents?
Decide whether you are trading or selling. The majority of online car buyers sell cars directly to consumers and claim that their price for trade-in does not differ from their purchase price.
Disclose current loans and leases. Some but not all car dealerships online will purchase a car that you’re still making payments on and others will buy out a lease when the manufacturer permits it. Utilize an online tool to determine if the offer is fair. However, if you owe more than what’s on the offer you get then you have to pay to pay the difference.
Offer photos of your vehicle or have a virtual meeting with a representative of the company. Some buyers might not ask for this step until they have accepted an initial offer.
Sell your car on the internet
Key information
No-haggle pricing. Prices are non-negotiable.
Vehicles are delivered for free in certain areas.
30-day return option.
Large national inventory with shipping options.
Does not accept credit cards as down payment.
Key facts
The offers are valid for 24 hours, and are negotiable.
Free pick-up of your vehicle.
Present loan as well as negative equity can be OK.
Salvage titles or damaged vehicles are OK.
Important facts
There is no negotiation on trade-in or sale offers.
The offers are valid for 7 days.
No free pickup outside local Carvana markets.
Leased cars, negative equity accepted.
Check out our
Key information
The offers are valid for 7 days and non-negotiable.
Free pick-up of your car.
Present loan or negative equity OK.
There are no cars leased; you’ll have to buy out the lease first.
Important information
Offers are valid for 24 hours and aren’t to be negotiated.
Free pick-up of your car.
The current loan as well as negative equity can be acceptable.
Salvage titles or damaged vehicles are OK.
The most important information
Specializes in older used or damaged vehicles.
The offers are valid for seven days and non-negotiable.
Free pick-up of your vehicle.
Does not buy vehicles that have the active loan.
Salvage titles or scrap cars are OK.
Important information
Offers are valid for seven days or 250 additional miles.
Free pick-up of your car.
Current loan or negative equity are OK.
Do not accept salvage titles. Do not purchase leased vehicles.
Other ways to find out what your car is worth:
Buys (and sells) cars online. It will take delivery and pick up. If you reside in a Shift hub city, you can bring your vehicle for an assessment and receive a $300 bonus. Shift purchases vehicles with loans and also offers on vehicles leased. The offers are valid for seven days. For vehicles purchased, Shift offers free returns for seven days. Shift can arrange financing too. Watch for an Shift Service Fee added to the purchase cost; typically, it’s more than $1,000.
buys cars through its extensive network of franchises for new cars however they can make offers online. The vehicle must be delivered to the store. The company’s relationships with new car manufacturers might allow it to purchase a leased car without penalties. The offers are valid for seven days and 500 miles.
makes instant cash offers via its network of dealers. Information is sent to nearby dealers to solicit bids. In contrast to Kelley Blue Book’s well known estimates of values, instant cash offers are an offer to buy. Dealers can adjust price if the vehicle does not meet the specifications. The offer is valid for seven days. Afterwards, you must take the car to the buying dealer.
purchases 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 consider bank leases on a case-by-case basis. The offers are valid for 5 days and 250 miles. Pickup is available.
buys cars online; it also sells both used and brand new vehicles online. Delivery and pickup are also available. Its purchase offers are good for 7 days. For vehicles it sells, Driveway gives free return or exchange for up to 400 miles or 7 days without shipping costs.
What to expect if you decide to sell
The majority of companies state that their offer is valid for seven days, but some require an answer in 24 hours. You can always re-enter the details of the car to receive the new deal.
The company will arrange to view the vehicle to inspect the condition of the vehicle. The company may ask you to send photos or have a video call. The representative of the company could wait and inspect the vehicle at the pickup and drop off time. If the condition of the car is not as good as you had mentioned, the company may modify the terms of its offer.
A representative will email or call to arrange the time for you to take the vehicle to your home or have you take it back to the pick-up location.
In most cases, charges are typically low. There are some companies that charge an administrative charge, deducted from the offer price. Sellers could be charged for this if they back out of the agreement signed by both parties.
Although each firm handles title and registration paperwork in its own way you should submit copies of registration, title and driver’s license to start the process. Odometer reports, sales contracts and power of attorney documents may arrive for electronic signature or via overnight post.
Remove the license plates and clear the car of all personal items. You can only keep the items included with the car when you bought it, like the car manual keys, car mats and keys.
The majority of companies will give you a payment when they take the vehicle, typically via a check or a bank draft, which can take a few days to be cleared. Certain companies will accept payment through direct deposit, or even cash.
What to do after you have sold your car on the internet
, if you have one.
Cancel the GAP insurance.
Remove the car from your insurance. When the car is collected or taken off the car’s online insurance company is responsible for it.
You must report the sale to the state’s registry of motor vehicles.
If your online offerings don’t meet your needs
Keep in mind that the prices offered by online sellers might not reflect the true value of your car’s worth. it’s what the particular buyers are willing to pay at the moment. Their algorithms will offer the highest price for vehicles which can be easily resold and finance.
If you receive an offer of $500 for a vehicle you believe is worth $5,000, that’s the retailer’s way of telling you that it does not want or need your car. This can happen more often in older vehicles or high mileage vehicles or cars that have mechanical issues or salvage title cars. Some buyers are interested in these automobiles, but they may not be, for instance, Carvana.
Consider selling viable used vehicles for sale to other customers via . In the online marketplace, search for deals from GiveMeTheVin, Peddle and ALgo.
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