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12 Options for Selling Your Car On the Internet
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12 Options to Sell Your Car On the Internet
Selling your car online is a great way to get a competitive 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 assigning editor at NerdWallet. She has been working in the field of personal finance for more than 10 years. Before being hired by 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 through the years. Julie’s writing has been published in USA Today, Business Insider and Wired Insights, among others. Email: .
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Selling your car online- to buyers such as , , or a dozen other companies that have sprung up — has emerged as an option for those looking to sell their car outright or valuing it as an investment.
If you have an internet connection and a few details about your vehicle, you could be fielding offers in a matter of moments. A lot of online car buying websites can even visit 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 car
Enter the 17-digit vehicle ID number, also known as the license plate. Confirm the make, model the mileage, color, as well as the operating conditions.
Answer specific questions regarding the condition of the vehicle and its history. Have you been involved damaged in an accident or flood? Are there any modifications made aftermarket? Does it have any dents or scratches?
Choose whether you’re selling or trading. Many online car buyers sell cars directly to consumers and claim that their price for 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 buy a vehicle that you’re still making payments on and others will purchase a lease when the manufacturer permits it. Use an to see whether the offer is fair. But if you are owed more than the amount you are offered, you must provide funds to cover the difference.
Provide photos of the vehicle or schedule a virtual appointment with a representative of the company. Some buyers will not request this service until you have accepted an initial offer.
Sell your car online
Important facts
No-haggle pricing. Prices are non-negotiable.
Delivers vehicles at no cost in certain areas.
30-day return option.
A large inventory of national size with shipping options.
Do not accept credit cards as down payment.
Important information
Offers are valid for 24 hours and negotiable.
Free pick-up of your car.
Present loan and negative equity is fine.
Salvage titles or damaged vehicles are in good condition.
The most important information
There is no negotiation on 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
The most important information
Offers are good for 7 days and are non-negotiable.
No charge to pick up your vehicle.
Present loan or equity negative OK.
No leased cars; you’ll have to pay off on lease before you can buy it out.
Key information
Offers are good for 24 hours and are not to be negotiated.
There is no cost to pick up your car.
Present loan or negative equity are OK.
Salvage titles and damaged cars are not a problem.
Important facts
Focuses on older, used or damaged automobiles that have been damaged or worn out.
Offers are good for seven days and nonnegotiable.
Free pick-up of your vehicle.
Don’t purchase cars with the active loan.
Salvage titles or scrap cars are OK.
Key information
Offers are good for 7 days or 250 miles.
Free pick-up of your car.
The current loan or negative equity are fine.
Do not accept salvage titles. Does not buy leased vehicles.
Other ways to find out the value of your vehicle:
Purchases (and sells) cars on the internet. It will both collect and deliver. If you reside in a Shift hub and you have a car, you can take your car for an evaluation and get 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 7 days. Shift can arrange financing too. Be aware of any Shift Service Fee that 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, however they can make offers online. You must deliver your vehicle to the store. Its new-car relationships with major manufacturers may allow it to buy out a leased car without penalties. The offers are valid for 7 days and 500 miles.
makes instant cash offers via its network of dealers. Information is sent to dealers in the area to request bids. Unlike Kelley Blue Book’s widely acknowledged estimates of value the Instant Cash offers represent a chance to buy. Dealers are free to alter the value of vehicles if they do not meet the specifications. Offers are good for 7 days, and you must return your vehicle to the dealer.
purchases 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 consider bank leases on the basis of a case-by-case. Offers are good for 5 days or 250 miles. Pickup is possible.
It buys cars on the internet, and also sells both used and brand new vehicles on the internet. Pickup and delivery are offered. The purchase offer is valid for 7 days. On vehicles it sells, Driveway gives free return or exchange for seven days or for 400 miles, minus shipping fees.
What to expect if you decide to sell
Many companies claim that the offer is valid for 7 days, however some want to hear from you within 24 hours. You can always re-enter the information for your car and receive a new offer.
The company will make arrangements an appointment to visit the vehicle in order to inspect the condition. The company may ask you to send photos or have a video call. The representative of the company could be waiting to inspect the vehicle at the pickup and drop off time. If the vehicle’s condition is worse than you described, the company could change its offer.
A representative will email or phone to set up the time for you to take the vehicle to your home , or deliver it to a drop-off location.
Most of the time, the charges are usually minimal. There are some companies that charge an administrative fee which is deducted from the price of the offer. Sellers could be charged if they back out of the signed sale agreement.
Each company handles title and registration paperwork in its own way, expect to send copies of the registration driver’s license, title, and title to begin the process. Sales contracts, odometer statements and power of attorney documents may be delivered electronically or through overnight mail.
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, such as the car manual keys, car mats and keys.
The majority of companies will give you a payment when they take the vehicle, usually through the form of a check or a draft, which can take several days to clear. 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 the GAP insurance.
Get rid of the car from your insurance. After the car has been taken away or picked up the car’s online insurance company 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 don’t meet your needs
Bear in mind that online retailers’ offers might not reflect the true value of your car is worth; it’s what they are willing to pay at that moment. Their algorithms are able to pay the most for cars which can be easily resold and financed.
If you get an offer of $500 on a car you believe is worth $5,000, it’s that retailer’s way of telling you that it doesn’t require or want the car you own. This may happen more frequently with older cars or high mileage vehicles, cars with mechanical issues or salvage title vehicles. There are buyers for these cars, but they may not be, for example, Carvana.
Consider selling viable used vehicles for sale to other customers through or . Among online retailers, look for offers from GiveMeTheVin, Peddle and ALgo.
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