First, think about how much time you want to dedicate to selling your car. TrueCar lets you get a True Cash Offer for your car in minutes. Answer a few questions to get an offer on the spot. From there, you can take your offer to a Certified Dealer to cash out. Just looking for an estimate? Entering your car’s make and model will generate a price range, so you know what to expect when you decide to sell.
The condition of your vehicle, plus specific information about trim and modifications, will help you determine its value.
First, let’s assess your car’s condition.
This list is not exhaustive, but it should give you an idea of the types of items you’ll want to look at to assess the condition properly. Next, let’s get into some of your car’s specifics.
Wondering how you can get more money for your vehicle? Try improving your car’s appearance. Not only is the car’s exterior appearance the first thing potential buyers will see, it also sets the tone for how well you’ve taken care of your vehicle overall, implying that the vehicle’s maintenance will also be up to date. On the inside, make sure you treat the leather/interior to help it look new, and fix scratches and cracks.
While regular service checks may not boost the value of your vehicle, they will help prevent your car from accelerated depreciation. You can buy a service plan through your dealer when you purchase a vehicle, and in some cases, you can spread out these costs over the life of your loan. If this helps motivate you to get your car in for service, it can be a good investment.
There are several factors to consider when deciding whether to sell your car to a dealer or a private party:
Ownership - Do you own your car outright? If not, what do you owe? Are you leasing? If you owe, you’ll likely need to pay off the balance before selling it to a private party. If you sell it to a dealership, you can let them handle the paperwork instead.
Time -Selling to a private party will invariably take more time. You’ll have to spruce up your ride, take some pictures, find places to post ads, and then go through the process of meeting buyers. Selling your car to a dealership typically means much less hassle.
Price -If your car has good trade-in value (a model that’s in demand, has low mileage, or is in good condition) and you have the time and patience to handle buyers, selling to a private party might be the way to go. If you have a car of lesser value and don’t want the hassle, you may want to simply sell it to a dealer and be done with it.
Again, if you’re selling to a private party, make sure you have the right paperwork. Here are some items you may need:
To understand which forms you’ll need to complete a car sale in your state, check with your nearest DMV, or contact AAA if you’re a member. Also, it’s a good idea to have your maintenance records on hand, in case you need to refer to them.
Usually, you will need the current registration for the vehicle signed by all registered owners, along with the car title and your ID or driver’s license. You may also need to provide warranty information. To complete your sale transaction, you will likely need to complete a bill of sale. Check with your local DMV to confirm what you’ll need in your state.
Yes. Before going to the dealership, contact the lienholder (usually a bank or finance company) to get a payoff quote for the vehicle, and note the payee address for the dealership to send the payoff amount to.
Yes, but you’ll need to review your lease contract to determine the buyout price. Just like when you owe money on a loan, the dealer may offer more than what you owe, but if they don’t, you’ll be responsible for paying the difference. If you have a lease and want to sell or trade your vehicle, you’ll probably need to complete the following steps:
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