Where Can I Sell My Car For The Most Money?

Figuring out how to sell a car can be a bit daunting if it’s your first time. In general, the amount of work is inversely related to the price you can get for your car. If you want to get rid of your vehicle today, you’ll probably make less from a dealer or car buying website. If you have the patience to list it online and meet with buyers, you can make more money. Here are the four best ways to sell a car:

1. Private Sale

You can likely get the most money for your car by selling it privately. This is because you’re selling to the next owner directly instead of through a middleman like a dealership or car buying website. You can use local forums like Facebook Marketplace and Craigslist to advertise your vehicle, or even check out eBay Motors.

The Private Sale Process

Selling to a private party takes more work and time on your part. Here’s what’s involved in a private car sale:

1. Check your car’s market value with Kelley Blue Book (KBB), Edmunds or another resource.

2. Collect all maintenance records.

3. Take multiple photos of your car.

4. Consider purchasing a vehicle history report to show buyers.

5. Create a detailed online listing or classified ad.

6. Wait for buyers to contact you.

7. Sift through potential buyers to weed out “tire kickers” and scammers.

8. Allow serious private buyers to test drive the car and have it inspected.

9. Meet in person at a public location such as a bank for the transaction.

10. Provide the buyer with a bill of sale and the car title.

11. Notify the department of motor vehicles (DMV) of the sale and follow any vehicle title transfer requirements.

As far as payments go, cash is the best option for a car under $10,000, but it can be risky to walk around with larger amounts. A bank transfer is a good option for higher amounts if you can wait for the transfer to clear. You can also accept a certified or cashier’s check if you can call the bank to verify the certified check or wait until the cashier’s check clears to release the title. 

Finally, only accept cashier’s or certified checks for the sale price you negotiated. A common scam involves the buyer giving you a check for an extra amount and asking you to send that portion back to them. They take the extra money and the fake check bounces days later. In the same vein, avoid taking checks from no-name institutions or convenience/grocery stores.

Classic Cars

Your classic car might be worth a lot to an enthusiast, but you have to find them first. Just posting a listing on Craigslist or Facebook Marketplace might not be the best way to go. You can reach a better market by using a specialty listing site like the Autotrader classic car site, Hemmings or ClassicCars.com. 

2. Car Selling Website

Using an online dealer like Carvana or CarMax is the most convenient way to sell your car. You can get an instant cash offer after providing your license plate number or vehicle identification number (VIN) and answering a few questions about your vehicle’s condition. These sites typically offer no-haggle offers, which means you don’t have to deal with the hassle of negotiating with a car dealership. Depending on where you live and the website you use, your car could be picked up in as little as a couple of business days.

The downside of selling your car to an online dealer is that you won’t get as much as you likely would have in a private sale. That’s because dealerships need to resell your car for a profit. We found that different online car buyers give varying values for the same vehicle, so it’s a good idea to compare offers from multiple places.

What you lose in the car’s value could be made up for in convenience. You don’t have to spend days or even weeks waiting for the final sale. Instead, you can get paid the same day or soon after depending on the company you use. 

Junk Car Websites

If your car is nearing the end of its usefulness, you might not be able to sell it locally or to a standard dealership. In this case, you can look at junk car buyers like Peddle or Copart or even a junkyard in your area. When you junk a car, the company recycles different materials for scrap value. You may make a few hundred dollars or a bit more if you’re selling a larger truck or SUV.

Keep reading: Selling a Junk a Car

3. Word of Mouth

As you start advertising your sale to friends and family, you might find people in your personal network who are interested. Selling to someone by word of mouth can be quick and simple. You already know the person so you might be less afraid of them scamming you. You can also get the best price since you’re selling to the new owner directly.

There’s a flip side, though. Since the buyer knows who you are, they won’t hesitate to come back after the sale if there’s anything wrong with the car that you didn’t describe. So, make sure you take the car for a tune-up and write down any current issues.

4. Local Dealership

You can choose to sell or trade your car to a local dealership. Usually, you’ll have an easier time selling a relatively new car in good condition compared to an older vehicle with 200,000 miles on it. To save time, we recommend you call different dealers and ask if they’re interested in buying your vehicle. You might find that some dealers don’t want to purchase it outright but they would take it as a trade-in. 

A local dealership is going to offer you an amount below the car’s market value because they need to resell the vehicle. Even so, it can be simpler to work with a dealership in your area than advertise your car on your own and sift through buyers.