How Can I Sell My Car Fast
Its easy to sell your car fast with Motorway and you could get up to £1,000* more. Its quick to value your vehicle and get your car ready for sale. Youll receive your best offer from over 5,000 dealers the same day and have your car sold in as little as 24 hours.
Fast free home collection and payment also means youll have funds in your bank account in no time too. Theres no compromise between speed and convenience when you sell the Motorway way!
Option : Sell A Car With A Loan On It To A Private Individual
To sell a financed car to a private individual, you can sell the car and use the profit to pay off your loan, or you can use your savings or other credit options to pay off the outstanding balance first.
1. Sell your car and use the money to pay off the loan
This is one way to sell a financed car when moneys tight, but youll need to earn the buyers trust for them to give you their money so that you can pay off the loan.
- Be direct and honest. Let the buyer know you owe money on the car and that youll pay off the loan in full immediately after the transaction. For peace of mind, offer to bring the buyer to the bank or lender and clear the debt in front of them or get a CARFAX report to show the buyer that there is no longer an outstanding lien on the car.
- Look at how much you can sell the car for and how much itll cost to repay the loan fully including any early repayment fees and other costs. This will give you an idea if youre going to gain or lose money from the sale.
How much should I sell my car for?
You can figure out how much your car is worth by getting it appraised by a mechanic. You can also get a ballpark idea from websites like Canadian Black Book, Auto Trader Canada, and Kijiji Autos. Also consider making repairs or having your car detailed so you can up the price or at the very least give it a good wash. The more youre able to sell it for, the more youll save.
2. Use savings, another loan or a credit card to pay off the balance first
Why Sell My Car With Motorway
Here are just a few reasons to sell your car with us:
- You could get up to £1,000* more
- Its completely online just enter your reg to start
- Its fast reach a deal in as little as 24 hours
- Its easy, done right from your phone
- Your car gets collected from your home, free of charge
- You get paid fast, usually the same day as collection
- Its 100% free, with zero fees
We offer a simple, fair, and transparent way of selling your car. There are no hidden charges, in fact, there are no fees at all! Plus, our network of 5,000+ verified dealers means we only work with experts to get your car the best offer.
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Option : Sell Your Financed Car Online
Selling your financed car online is the most hassle-free method out of all 3 options because its quick and you wont have to leave your home. Online dealers and bidding sites are the 2 ways to sell a financed car online.
1. Online car retailers/dealers
Online dealers allow you to sell a financed car completely online. To start, go to the online dealers site to see your offer within minutes by providing the year, make and model of your car. A representative will go to your home to appraise your car and take it off your hands if you want to proceed with the sale. You will have to provide government-issued ID and the vehicle registration.
Any leftover balance in your car loan will be deducted from your offer, and the online dealer will take care of the payout.
Get an offer for your financed car from an online car retailer
1 – 1 of 1
2. Online bidding site
Similar to online dealers, an online bidding site allows you to get a quick offer online for your financed car and have it appraised and picked up from your home. The big difference is that an online bidding site is a platform that lets multiple dealers bid for your car. Once you accept an offer, the bidding site will take care of the payout of your car loan. Examples of bidding sites in Canada include Carity and Autozen.
Have The Proper Paperwork
The paperwork requirements for selling a car vary from state to state. In some states, transferring ownership of a vehicle to another person is a simple process of entering the odometer reading, sale price, and your signature on the back of the certificate of title. In other states, you must fill out official title-transfer forms. Contact your state’s Department of Motor Vehicles to see what you should do.
If there’s an outstanding loan on your car, you and the buyer will have to go to your lender and make sure the lender gets its money before you get what’s left. In some states, the lender holds the title until the car is paid off. And a bill of sale is often required by the buyer for sales-tax purposes. Contact your state’s DMV to see if there is a specific bill of sale form. And always keep of copy of the final document for your records.
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Selling A Car To A Dealer
If you want another car straight away, then part exchanging with a dealer can seem like the easiest option.
Youll probably get less for it than through a private sale, but youll avoid the work and expense of advertising and dealing with enquiries, viewings and test drives.
Your cars part-exchange value will be a little more than the trade price youd get if you sold your car outright to a dealer.
But the dealer might not be prepared to negotiate over a part-exchange price.
If you dont want another car straight away, you might still be able to sell directly to the dealer. While this might be quick, youre unlikely to get the best price.
What To Do About Hard
If you have a very old car or unusual car, you might not find it in some pricing guides or be able to locate others of its kind on sales sites for comparison. However, you can check Autotrader Classics and Hemmings. Both have online listings of collector cars. You also can try talking to other collectors or mechanics.
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Find Out If You Can Sell Carmax Your Leased Car In The First Place
Many captive finance companies, or financing companies owned by auto manufacturers, make it challenging to sell leased cars.
Toyota, GM, Honda, and Ford are automakers who dont allow third parties to make pay-off payments on a lease.
Through this stipulation, dealerships can get their hands on off-lease vehicles easier. Considering the shortage of chips in 2021 and the consequent slump in sales, it is crucial.
But dont worry. It doesnt mean you cant sell your leased car to CarMax and similar used vehicle retailers.
Instead, youll need first to purchase the car from the dealership, get a title, and then sell it to CarMax.
If there arent any restrictions, you can buy the vehicle from the lease company. Make sure to get a 10-day pay-off to allow the funds to be credited to your bank account.
Gather The Documents You Need
The selling process begins with gathering all documents related to your car, such as vehicle title, service records and the original sales paperwork if its still in your possession. While you likely know the basics the year, make, model and current mileage you also need to know your cars trim level and the features that came with your specific vehicle. Advertising these options helps increase your resale value.
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How To Dispose Of An Old Car
There comes a point with every car when its no longer practical or safe to prolong its life. Whats more, if its not roadworthy you might end up with points on your driving licence or a fine. So, if your car is reaching the end of the road, read on to find out how you can dispose of it.
Did you know?
The Scrap Metal Dealers Act means its against the law to pay for scrap cars in cash in England and Wales so dont trust anyone who tries to pay in cash.
If you decide to scrap your car, there are a few points to remember before you get started.
- Sort out the documents. When a car is scrapped the Driver and Vehicle Licensing Agency needs to be notified using a Certificate of Destruction . These can only be issued by scrap car recycling centres, called Authorised Treatment Facilities . If you dont, then youre still responsible for the vehicle and could end up being fined.
- Keep your personal details safe. Customers in England and Wales have to prove their identity when selling their car as scrap. Youll be asked to show photo ID and proof of address, such as a utility bill. Your information will be stored for three years, so make sure youre sharing it with a reputable organisation.
- Reclaim insurance and tax. When youve had your vehicle scrapped at an ATF and a CoD has been issued, the DVLA will refund any full months of remaining car tax . You should also tell your cars insurance supplier and ask for a refund,or put any credit towards another insurance policy.
Finalize The Payment And Paperwork
The laws governing the sale of motor vehicles vary from state to state. Check with the governing agency in your state. Most of this information is now available online. When selling your car, it’s important to limit your liability. For example, if the buyer gets a parking ticket or is in an accident, you may be held responsible. Most states have a release of liability form that you can fill out to prevent such a situation. This article on closing a used car sale has more detailed information and a handy checklist.
Once you have the money from the sale it’s customary to request a cashier’s check or cash sign the title over to the buyer or provide the person with a bill of sale. Finally, remember to contact your insurance agent to cancel your policy on the vehicle you’ve sold.
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Important Things To Remember After You Sell Your Car
- Give the purchaser a receipt for their deposit and/or for the balance or the total sale price of the car
- Ensure both you and the purchaser complete your details and sign the transfer of registration and notice of disposal on the reverse of the registration certificate. You keep the notice of disposal slip, and give transfer of registration to the purchaser
- Provide copies of warranty documents if the car is still covered by a manufacturer or dealer warranty
- Remember to give the new owner any spare keys, accessories, the owners manual and the logbook and/service booklet. Take your e-tag and any personal items out of the car
- Phone your insurance company and transfer your car insurance policy to your new car, or cancel the policy
- Complete the notice of disposal as soon as you can to ensure any traffic infringement notices issued after the sale are sent to the new owner. You can do this online on the Service NSW Website
- If the car is listed on your toll account, remove it and add your new car
How To Choose The Right Sales Price For Your Car
The value of your car depends on its actual condition. Consider getting a mechanics assessment to identify any problems, then decide whether to get them fixed before selling your vehicle.
Use web-based tools that can help you determine the value of your car, such as Kelley Blue Books valuation tool, and take the car condition quiz.
Next, check local listings, such as those on Autotrader, for similar vehicles with similar equipment and options to see what other cars are selling for in your area.
Dont forget that regular maintenance, new tires and brakes can raise the value when selling your car.
A past accident or needed repairs can lower the value of a car you intend to sell.
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What To Do With A Car With A Blown Motor
A car with a blown motor is undrivable. That means that unless youre either a highly skilled mechanic who is willing to take the time and money to rebuild your motor, or unless youre going to take the parts to fix another car of yours, its fairly useless. Due to the fact it is such a costly, time-consuming process, you may also struggle to find anyone who is willing to buy it. That doesnt mean that it is impossible for you to sell your car with a blown motor, though.
Structure My Deal Recent Activity
Structure My Deal tools are complete you’re ready to visit AutoNation Toyota Cerritos!
We’ll have this time-saving information on file when you visit the dealership.
- Access your saved cars on any device.
- Receive Price Alert emails when price changes, new offers become available or a vehicle is sold.
- Securely store your current vehicle information and access tools to save time at the the dealership.
- Access your saved cars on any device.
- Receive Price Alert emails when price changes, new offers become available or a vehicle is sold.
- Securely store your current vehicle information and access tools to save time at the the dealership.
Make the most of your shopping experience!
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Tips And Advice For Selling Your Car
The easiest way to sell your car is to trade it in when you buy a new one or to sell it to a car buying service but this will give you the lowest price.
Selling privately should get you more cash, assuming you can find a buyer, but won’t be as convenient. You’ll have to:
- find space for two cars at home
- arrange and pay for advertising
- maintain insurance cover and car tax on two cars
- deal with potential buyers enquiries, viewings and test drives
- get paid and make sure that funds are in your account before you hand over the keys
Before you advertise your car
Getting your car ready for sale is essential if you want to sell it quickly and get the best price presentation, mechanical condition and service history can all make the difference.
- Clean it inside and out and make sure that it’s generally tidy
- Repair minor paintwork damage or simple mechanical faults
- Get a new MOT, particularly if there’s less than three months on the current one.
- Consider a full, professional valet service it’ll save you time and can really make a difference
The legal bit
For a private buyer it’s a case of ‘buyer beware’ but that doesn’t mean you can sell a car in any condition or describe it as something it’s not.
- You must have the right to sell it
- The vehicle must match your description
- The vehicle must be roadworthy
Tips for a smooth car sale
Price
- Price your car realistically particularly if you want a quick sale
- Check the prices of similar cars in popular classified ad magazines or online
How Do You Sell A Car That Needs An Engine
Blog/ How to Sell a Car with a Blown MotorAuthorSarah RobinsonCategory How ToBelieve it or not, a blown motor is a very broad term that can refer to a multitude of different proble
Blog/ How to Sell a Car with a Blown Motor
Believe it or not, a blown motor is a very broad term that can refer to a multitude of different problems. One things for sure about all of them though: these issues will make it so that your car is unable to be driven. In order to fix your car, the motor will need to be taken out and repaired. If the damage is really bad, the motor may need to be rebuilt.
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What Is The Best Way To Sell A Used Car
If youre looking to sell your car online, the twelve websites above represent the absolute pinnacle of the webs offerings. Though, while each of these sites are great places to sell a used car online, each platform has different strengths and weakness in relation to your particular situation.
Therefore, the best place to sell a car online for you might different from your neighbor or the guy down the block. For example, Craigslist offers you a giant national audience when you sell a used car. However, it doesnt take care of vehicle shipping like Carvana does when you sell a car online through their platform.
Picking where to sell a car smartly simply depends on what you need and what you want from a website that sells cars. Weve detailed each sites pluses and minuses above. So, feel free to bookmark this page and refer to it the next time you sell your car online!
Will Cazoo Always Honour The Offer Price
The offer you see is the offer youll get and is guaranteed for 7 days from the day you get your valuation.
We may have to revalue or reject the car if:
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The car doesn’t match the description youve given us.
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The car is in a significantly different condition than you stated during the online valuation. Understand how we define our conditions.
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The mileage isnt within 1,000 miles of the figure you provided during the online valuation.
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You dont have the right to sell the car or we identify an issue from our car history checks.
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The car is on the list of vehicles we dont buy. Learn more about the cars we will and wont buy.
Please see our sell car terms and conditions for further information.
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