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12 Ways to Sell Your Car On the Internet
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12 Ways for Selling Your Car on the internet
Selling your car online is ideal way to obtain an affordable price for your car without having to leave your house.
By Karen Aho
Oct 12, 2022
Edited by Julie Myhre-Nunes Assistant Assigning editor Auto loans, consumer credit Julie Myhre-Nunes works as an assistant assigning editor at NerdWallet. She has worked in the personal finance space for more than 10 years. Prior to joining NerdWallet, Julie oversaw editorial teams at NextAdvisor, Red Ventures and Quote.com. Her personal finance insight has been featured by Forbes, The Boston Globe and CNBC through the years. Julie’s articles have been published by 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 competitors that have sprung up in recent years — is becoming a viable option for drivers who are interested in selling their vehicle in full or offering it for sale as an exchange.
With an internet connection , and some details regarding your car, you could be fielding offers in a matter of moments. Many online car-buying sites will even come to your home to pick up the vehicle and present you with a check on the spot.
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How to find offers online to sell your vehicle
Enter the car’s 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 detailed questions about the car’s condition and history. Has it been in an accident or a flood? Does it have aftermarket modifications? Do you see any dents or scratches?
Decide whether you are selling or trading. Many online car buyers sell cars directly to consumers and say their trade-in price is not different from their purchase price.
Inform the company about the status of your current loans as well as leases. Some, but not all, car dealerships online will buy a vehicle that is still paying on and others will purchase a lease when the manufacturer permits it. Utilize an online tool to determine whether the offer is reasonable. 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 arrange a meeting with a representative of the company. Some buyers might not ask for this step until they have agreed to an initial offer.
Sell your car online
Important facts
No-haggle pricing. Prices are not negotiable.
Vehicles are delivered for free in certain areas.
30-day return option.
National inventory that is large and includes shipping options.
It does not accept credit card as down payment.
The most important information
The offers are valid for 24 hours, and are negotiable.
No charge to pick up your car.
Current loan as well as negative equity can be fine.
Salvage titles and damaged cars are not a problem.
The most important information
There is no negotiation on trade-in or sale offers.
Offers are valid for seven days.
No free pickup outside local Carvana markets.
Leased cars, negative equity accepted.
Read our
Important facts
Offers are valid for 7 days and are non-negotiable.
There is no cost to pick up your vehicle.
Current loan or negative equity is OK.
You can’t lease cars. You’ll have to buy out your lease in the first place.
The most important facts
Offers are good for 24 hours, and are not changeable.
Free pick-up of your car.
Current loan as well as negative equity can be fine.
Salvage titles or damaged cars are OK.
Important information
We specialize in used and older or damaged vehicles.
The offers are valid for seven days and are not negotiable.
Free pick-up of your vehicle.
Do not purchase vehicles with the active loan.
Salvage titles or scrap cars are acceptable.
Important facts
Offers are valid for 7 days or 250 additional miles.
There is no cost to pick up your car.
The current loan as well as negative equity can be acceptable.
Does not accept salvage titles. Do not purchase leased vehicles.
Other options to determine what your car is worth:
Buys (and sells) automobiles online. It can take delivery and pick up. If you are in a Shift hub where you live, you are able to bring your vehicle to be evaluated and earn a $300 reward. Shift buys cars with loans and also deals on lease vehicles. Offers are valid for 7 days. When you purchase a vehicle, Shift offers free returns for 7 days. Shift will arrange financing too. Be aware of the Shift Service Fee added to the purchase price; it’s usually more than $1,000.
buys cars through its extensive chain of franchises that sell new cars, however they can make offers on the internet. The vehicle must be delivered to the retailer. The new-car partnerships it has with major manufacturers might allow it to purchase lease cars without penalty. Offers are valid for seven days and 500 miles.
provides instant cash offers through its network of dealers. The information is then sent to nearby dealers to solicit bids. Contrary to Kelley Blue Book’s well known estimates of values Instant Cash Offers are a chance to buy. Dealers can adjust the value of vehicles if they do not meet the specifications. Offers are valid for 7 days, and you must return the car to the buying 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 the basis of a case-by-case. The offers are valid for 5 days or 250 miles. Pickup is available.
buys cars online; it also sells used and new cars on the internet. Pickup and delivery is readily available. The purchase offer is valid for seven days. For vehicles it sells, Driveway gives the option of free exchange or return for 7 days or 400 miles, minus shipping fees.
What should you expect if decide to sell
Most companies say their offer is good for seven days, however some want a response in 24 hours. It is possible to re-enter the details of the car to receive the new deal.
The business will arrange for a visit to the vehicle to check its condition. You may be asked to submit photos or to make a video call. Or a company representative may check the vehicle during the pickup or drop-off time. If the condition of the car is worse than you described, the company could modify the terms of its offer.
A representative will email or phone to set up an appointment to pick up the vehicle at your home , or drop it off at a drop-off point.
Most of the time, the charges are usually minimal. There are some companies that charge an administrative charge, which is deducted from the price of the offer. The seller may be charged when they cancel the agreement signed by both parties.
Although each firm manages registration and title paperwork in its own way be prepared to upload copies of your registration, title and driver’s license to get the ball rolling. Odometer statements, sales contracts and power of attorney documents may arrive for electronic signature or through overnight delivery by mail.
Remove the license plates and clean the vehicle of personal items. Leave only the items that came with the vehicle when you bought it, like the car manual keys, car mats and keys.
The majority of companies will give you the money when they collect the vehicle, typically via either a check or bank draft, which may take several days to clear. Some offer payment via direct deposit or even cash.
What do you do next after you sell your car online
, if you have one.
Retire any GAP insurance.
Get rid of the car from your insurance. After the car has been collected or taken off the car’s online insurance is responsible for it.
Make sure you report the sale to your local registry for motor vehicle registration.
If the online offers you’ve found don’t meet your needs
Be aware that the prices offered by online sellers may not always reflect what your car’s worth. it’s what the particular buyers are willing to pay in the moment. Their algorithms will offer the highest price for vehicles that can be easily resold or finance.
If you are offered a price of $500 on a car you think to be worth $55,000, that’s the retailer’s way of telling you it doesn’t have the time or desire to purchase your vehicle. It is more likely to happen in older vehicles or high mileage vehicles or cars that have mechanical issues or salvage title cars. There are buyers for those cars, but they may not be, for instance, Carvana.
You can consider selling used cars directly to other buyers through or . Among online retailers, look for offers such as GiveMeTheVin, Peddle and ALgo.
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