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Approximately 39 million used cars are sold each year in the USA. Whether you need to sell an unwanted vehicle, accident damaged car or junker, the used car market is highly competitive. Fortunately, there are some quick ways to get cash for cars.
In this article, we’ll explore the easiest ways to get some quick cash for your unwanted car with the minimum of hassle.
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How to Sell My Car Online Fast?
While it is easy to create a listing to try to privately sell your car, the best way to sell your car fast is to use an online site. These platforms aim to make it easy to sell your car and get some quick cash.
5 Best Online Car Buying Sites
1. Peddle
Peddle is a car buying platform with a network of buyers around the country. It buys all types of vehicles including broken, accident damaged or even junk vehicles.
To get quick cash for your car:
- Complete the online form on the Peddle website or call for the quote – (855) 925-4302
- You’ll get an instant offer for consideration.
- If you’re happy, accept the offer
- Peddle will coordinate with you to arrange a suitable collection time.
- You’ll receive your payment on collection.
Peddle takes pride in being transparent in its services. Its website features the latest vehicles bought with prices and a running total of the number of offers in the last 30 days. This transparency has helped Peddle to gain an excellent rating on Trustpilot and an A+ BBB rating.
Peddle Review
Verdict:
Verdict:
Peddle is a car buying service that allows you to quickly sell your vehicle (get paid within 48 hours). Whether it is no longer needed, accident damaged or not running, Peddle will provide an instant offer and arrange a vehicle collection for free.
Countries:
Payments:
Check
Overall
- Legit & Safe
- Offers Value
- Turnaround Time
- Payment Process
Pros
- Instant Quote – 1 min
- Payment on Collection
- Buys any Vehicle (damaged, junk, wrecked)
- Free Car Collection in 48 hours after Quote
Cons
- Quotes are not Guaranteed
- Demand Determines Price
- Requires a Vehicle Inspection During Collection
2. CarMax
CarMax provides a written offer for your vehicle that is valid for seven days. The company provides a no obligation, free appraisal at any of its stores. The team will check your vehicle to ensure an accurate offer.
If you’re happy with the offer, you can bring your title, valid registration, keys and pay off information for your vehicle and collect your payment. All title holders will also need to bring valid, photo ID to confirm the sale.
3. Vroom
Vroom is another online dealership where you can cash for cars. Unlike Peddle, you’ll need to submit photos along with your vehicle information. This helps Vroom to generate an accurate offer.
This company will buy vehicles across the country and will even contact private vehicle sellers with offers to buy.
After you accept the Vroom offer, the team will arrange a pick up from your home. The Vroom representative will conduct a quick visual inspection and take your vehicle away. The company will then process the payment and typically, you can expect to receive your check within two or three days via overnight mail.
4. Cazab
Cazab provides instant offers for your vehicle.
You’ll need to provide:
- Vehicle information
- Proof of your identity
- Proof of vehicle ownership
The Cazab team will evaluate the details and make an instant offer that is valid for two weeks.
If you agree to the offer, Cazab will arrange a transporter to collect your vehicle. They will even discuss the necessary documentation for pick up, so it goes smoothly. Once the transporter verifies your vehicle title, you’ll receive a check for the amount of your offer on the spot.
5. Carvana
You can sell or trade in your vehicle with Carvana. You can get a firm deal within a few minutes of supplying your vehicle details.
Carvana uses Kelley Blue Book trade in prices to create competitive offers.
If you accept the offer, Carvana will arrange collection and perform an on site appraisal. If everything checks out, you’ll get a check.
5 Best Websites to Sell Your Used Car Privately
If you want to get a higher price for your car, you can sell it privately. This does take more time. It can take four to eight weeks to sell a car privately. So, if you want quick cash for cars, this may not be the best option.
If you decide to go this route, you will also need to invest time to take photos, answer calls, arrange test drives and organize paperwork to make a sale.
1. eBay Motors
The auction site eBay is a popular choice to get cash for cars. You can offer your vehicle with a “Buy it Now” price or allow it to auction for the best price.
You’ll need to create an appealing listing and take plenty of photographs. Additionally, you need to calculate your seller fees, listing fees and PayPal fees that will apply to your sale.
2. Autotrader
Autotrader tends to attract serious buyers and the website can be searched from any area of the country. The rates for a basic ad start at $25. But, you can pay more to upgrade your ad to include a photo and larger print.
3. Cars.com
Cars.com allows you to create a listing of approximately five sentences to sell your car.
Potential buyers will evaluate your car based on what you disclose in the seller notes. So, be sure to be honest and accurate.
4. CarGurus
CarGurus allows you to list your vehicle for just $4.95. To list your car, you can enter your VIN and the company will auto fill your basic car details. You can even use the CarGurus pricing tool to check if your price is competitive.
Once you complete your listing, you can use the My Cars for Sale page to:
- Access your listing
- Edit the price
- Edit photos
- Renew your ad
However, CarGurus may need to verify you’re in possession of the vehicle, which may take two business days. So, your listing may not go live immediately.
5. Craigslist
Craigslist is a popular platform that is everywhere. It is free to list a used car for sale, but you do need to be wary of scammers.
How to Sell a Car with a Loan?
It is possible to sell your car even if you still have a loan on it. Firstly, you will need to obtain the “payoff amount” from your lender. This is the amount it costs to release ownership to you and sign off on the title.
Your lender may also have specific requirements on how to sell your car. You may need to bring your buyer to a bank office to sign the paperwork. Alternatively, if you’re working with an online lender, you may need to visit a bank partner or financial entity to complete the sale.
It is worth checking the value of your car before you proceed. If your vehicle is not worth more than the payoff amount, you will need to hand over all the money from the sale to the lender and then pay the difference.
For example, if your payoff amount is $8,500 and you can sell your vehicle for $10,000, you’ll get to keep $1,500. However, if you can only sell your vehicle for $8,000, you’ll need to pay your lender the additional $500.
On the other hand, if the value of your car is more than the payoff amount, you can settle the loan and keep the difference.
How to Sell a Car for Parts?
If your vehicle is past its best or severely damaged, you may struggle to sell it as is. In this case, it may be possible to sell your car for parts. There are several ways to accomplish this.
Sell to an Online Platform: The easiest way to sell your car for parts is to use an online platform. For example, Peddle will accept vehicles in any condition. Its network of buyers often buy vehicles for parts or scrap. This may not offer the best possible price, but it is the quickest method.
Take it to a Salvage Yard: If you have a salvage yard in your local area, you may be able to sell your car there. Salvage yards specialize in selling stripped vehicles and individual parts to buyers. You’ll need to contact salvage yards to see if they are interested in the make and model of your vehicle. The salvage yard is likely to request that you consent to an inspection. If the vehicle is not running, they may send a transporter and mechanic out to your home.
Sell Individual Parts Privately: Finally, you could advertise the individual parts to individual buyers. This tends to be the most lucrative method, but it is also the most time consuming. You will also have to have some basic car mechanical knowledge. You can list viable parts on Craigslist or eBay. Any remaining parts of your car can then be sold for scrap.
How to Sell a Junk Car?
The best option to sell a junk car is Peddle.com. Peddle will offer cash for cars in any condition. Whether your car is accident damaged, old, or simply non running, you can still obtain a quote from Peddle.
As with a used car, you’ll need to complete the online form. Just be sure to be completely honest about the vehicle condition.
You may be pleasantly surprised at how much Peddle is prepared to pay. If you have a vehicle with parts that are in demand in your local area, your quote will be attractive.
FAQ
It depends on your chosen method of sale. If you try to sell your car privately, it can take weeks, while many online platforms take just a few days and offer cash for cars.
Yes, there are lots of platforms where you can sell your car online. You will need to be very clear about where your vehicle is located and some potential buyers may still want to arrange a test drive before agreeing to a sale.
Kelley Blue Book or Edmunds are good resources to find the value of a used car. You could also get a quote from Peddle.
The post Cash For Cars: 10 Companies that Pay You Quick Cash for Your Vehicle appeared first on DollarBreak.
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