5 Best Ways to Sell a Car - Kelley Blue Book (2024)

Advice

5 Best Ways to Sell a Car - Kelley Blue Book (1)ByChris Hardesty11/27/2023 2:40pm

5 Best Ways to Sell a Car - Kelley Blue Book (2)

Best Way To Sell a Car Quick Tips

  • The best way to sell a car depends on your preference for convenience and speed or getting the highest sale price.
  • Be honest about the vehicle’s condition, service history, and any potential repairs, especially if the buyer is someone you know.
  • Parking the car displaying a “for sale” sign is good if you can wait for the best price, but that’s probably not the best place to sell a car fast.

When selling a vehicle, there’s more than one way to tackle the sale. Gone are the days of buying an inch-long text block in the local paper’s classified section. The internet has transformed car sales into a multi-dimensional universe.

Even so, there are other ways, and the one you choose will have much to do with your circ*mstances. For example, if you’re selling a 12-year-old Honda Civic, you might choose a different sales venue than you would if you were trying to unload a mint condition 1956 Lincoln Continental Mark II. Either way, you’ll want to establish the car’s Kelley Blue Book value as a baseline.

Check out these best ways to sell a car:

  • Word of Mouth
  • Instant Cash Offer
  • Trade In Your Vehicle
  • Sell Your Car to a Dealership
  • Sell Your Car Privately

1. Word of Mouth

This can be one of the easiest ways to sell a car or truck. Bring the car to work, drive your kids to school, and park it at your gym festooned with neatly printed for-sale signs. Ask around at work, school, church, or wherever feels appropriate to see if anyone wants to buy a car. The plus side of this scenario is that you won’t have to deal with unknown people and flakes you could encounter by throwing a listing up in an online marketplace.

But make sure the car is in tip-top condition if you intend to sell this way. Address any safety recalls and take care of needed repairs to the vehicle. You don’t want someone you work with coming back to you a couple of weeks later with complaints about the car. If there are mechanical problems, or the interior smells like 3-year-old corn chips and gym socks, ensure you’re upfront about everything before you complete the sale. Also, be aware that selling a car to someone you know often subjects it to “bro deal” pricing. In other words, you may not get the total market value. But a familiar sale also minimizes exposure to people you might not want to know.

2. Instant Cash Offer

Kelley Blue Book’s Instant Cash Offer is a great, hassle-free way to sell a car or truck. You provide some basic details about the vehicle — VIN, mileage, features, etc. — write a description, and add photos. Based on the information you submit, you will receive a cash offer from participating dealerships, and there’s no obligation. It pays to be straightforward, realistic, and as detailed as possible in your vehicle description. A dealer may not share your rosy assessment of it — within reason, of course — and may offer a lower price when you bring the vehicle in for payment and transfer of ownership papers. But you’re not locked into the sale until you sign over your car title. You can walk away from the deal anytime.

3. Trade In Your Vehicle

If you expect to buy another car anyway, find out what your dealer will offer for the vehicle you need to get rid of. The adage, “It never hurts to ask,” applies here. You may not think you have much they’ll be interested in, but you never know. Trade-ins reduce the hassle you’re likely to face selling the car on the open market. You’ll get one-stop shopping on a trade-in instead of phone calls, missed appointments, working with strangers, and dealing with paperwork in multiple locations. Sell your old car, get a new car — it’s as simple as that. The downside is that you won’t get nearly as much on a trade-in as you would in a private sale. But if convenience is your top priority, trading it in for another car is for you. Again, Kelley Blue Book values will also give you an idea of your vehicle’s trade-in worth before you step onto the showroom floor.

4. Sell Your Car to a Dealership

Like Instant Cash Offer, you can also try your luck by taking your vehicle to an independent dealership or the used car department at a new car dealership. It might be a good idea to call in first to see if the dealership will be interested in your vehicle’s year, make, and model. Like the trade-in, you’re not likely to get as much from a dealership as you would in a private sale, but dealerships are better equipped to handle a car if you’re still paying off your auto loan.

5. Sell Your Car Privately

Selling your car privately, or peer-to-peer, is another popular method because you can make the most money from the transaction. Of course, you could park your car — for sale sign prominently displayed — on a service road where many other people park cars they’re trying to unload. But the internet makes it easy for private sales if you’re trying to maximize your sale price on the open market. Various websites are available for selling cars, so it depends on the age of the vehicle. If you’re selling a well-worn but functional commuter car, you can always ask your neighbors on Nextdoor or your local Facebook Marketplace.

You can also list your car on Kelley Blue Book for more to reach many potential buyers eager to buy a vehicle peer-to-peer. Kelley Blue Book features a secure marketplace, Private Seller Exchange, to facilitate safe transactions. For classic cars, try our sister site, Autotrader, for a classics listing.

Read Related Articles:

  • How to Sell a Car: 10 Steps for Success
  • How to Sell a Car Without a Title
  • 7 Ways to Protect Yourself When Selling a Car

Editor’s Note: This article has been updated since it was initially published.

Chris Hardesty

Chris Hardesty is Senior Advice Editor for Cox Automotive. He edits and writes articles for Autotrader and Kelley Blue Book advising consumers on the financial aspects of buying and selling cars, educating shoppers on safety features in today’s automobiles, and sharing maintenance and ownership tips. Chris spent nearly three decades in newspapers, including leading research departments at The… Read more about Chris Hardesty

5 Best Ways to Sell a Car - Kelley Blue Book (2024)

FAQs

5 Best Ways to Sell a Car - Kelley Blue Book? ›

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.

What is the best place to sell your car? ›

5 Recommended Platforms for Car Selling
  • Cars.com: Editor's Choice. Best for: Selling newer vehicles in good condition. ...
  • Carvana: Most Seamless Process. ...
  • Peddle: Good Choice for Older Vehicles. ...
  • TrueCar: Good for Quick, Fixed-Price Offers. ...
  • 5. Facebook Marketplace: Good for Private Local Sales.
Feb 28, 2024

Who pays most for used cars? ›

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.

How can I get a high resale value for my car? ›

Factors that affect car resale value
  1. Make and model. All cars are not made equal, and some cars just have an inherently higher resale value due to their make and model. ...
  2. Condition. ...
  3. Mileage and age. ...
  4. Modifications. ...
  5. Color. ...
  6. Avoiding smoking or eating in the car. ...
  7. Keeping pets off the upholstery. ...
  8. Being thoughtful with upgrades.

What is considered very good on Kelley Blue Book? ›

“Very Good” condition means that the vehicle has minor cosmetic defects and is in excellent mechanical condition. This vehicle has had minor or no paint or bodywork, and requires minimal reconditioning. The engine compartment is clean and free of fluid leaks. This vehicle is free of rust.

Who gives the most value for your car? ›

The best place to sell your car online for good value is Cars.com based on our research. We also recommend looking at Carvana, Peddle, CarMax, Copart, CarGurus, Vroom, AutoNation, and Facebook Marketplace when considering selling a used vehicle.

What is the best company to value my car? ›

An HPI car valuation provides the most accurate and reliable car valuation available. Not only is our service free, but we also give you more information than any other car valuation provider. If you're looking for a used car value, then look no further than HPI valuations.

Who pays the best prices for used cars? ›

Where will I get the best price for my car?
  • Selling privately. Selling privately can often make the most money but can be a very stressful, time-consuming process. ...
  • Sell to a dealer. This will not make as much money but is a fairly simple process which will not take up much of your time. ...
  • Sell to an online buyer.
Feb 9, 2024

Which is better, Carvana or CarMax? ›

Key Takeaways: Both Carvana and CarMax advertise no-haggle pricing, but Carvana offers a seamless selling process that helps it come out ahead in our rankings. We give Carvana the edge over CarMax as a car selling website. Our team rates CarMax just slightly ahead of Carvana for its car buying services.

Who pays the most for an old car? ›

Local junkyards and private buyers typically pay the highest amounts for junk vehicles. Private buyers often pay more because they're buying for parts or personal repair projects, while scrapyards can pay higher prices because they save on dismantling and compacting services.

What brings down car value? ›

Several factors can affect the resale value of your car. These include mileage, age, condition, location, color, make and model. You can retain your car's value by regularly maintaining it and avoiding modifications that could decrease its appeal to buyers.

When not to trade in your car? ›

When Not to Trade In a Car. Although there are exceptions to this rule — as there are for most rules — don't trade in a car that is worth less than what you owe. In other words, if you get less when trading it in than the loan payoff, don't do it.

Which car company has the lowest resale value? ›

Brands with the Worst Resale Value
RankBrand5 Year Resale Value
4Volkswagen86.99%
3Ram87.27%
2Mazda87.29%
1Subaru87.39%
13 more rows

Which is better nada or KBB? ›

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions. Insights can be gained from both values, but KBB looks at more factors.

Why not to use Kelley Blue Book? ›

Potential problems with Blue Book values include a delay as price information is assessed, the consumer tendency to overrate the value of the car they are selling or trading in, and a mismatch between wholesale values listed by Kelley and the prices used by dealers, who access special industry-only pricing info.

What is the most popular car selling site? ›

  • Our Top Picks.
  • CarGurus.
  • Autotrader.
  • CarsDirect.
  • Hemmings.
  • Autolist.
  • AutoTempest.
  • Cars & Bids.

What is the best month to sell a car? ›

Sell in spring or summer: People tend to be looking for cars to buy in the spring and early summer, when they're ready to do more pleasure driving, go on road trips, or take family vacations. It's also when tax refunds come in and well before major gift-giving seasons.

What is the most best selling car company? ›

However, the status quo was restored in 2022 when the General Motors Company (NYSE:GM) regained its top spot, with its brands selling 2.27 million vehicles in the American market, against Toyota Motor Corporation (NYSE:TM)'s 2.1 million units.

How to sell a car in Texas by owner? ›

What You Need To Prepare To Sell Your Car in Texas
  1. Decide on the Price. ...
  2. Run a Vehicle History Report and Collect Maintenance Records. ...
  3. Prepare the Title. ...
  4. Make Sure Your Lienholder Signs Any Necessary Documents. ...
  5. Make Sure the Car Is Insured. ...
  6. Transfer the Title. ...
  7. Remove the License Plates.
Dec 12, 2022

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