To receive your payment, we recommend linking your bank account through our secure portal. This will be the fastest and easiest way for you to receive your funds. If your bank isn't compatible with our system, we offer a check as an option, as well.

If bank transfer is selected, payment will be received in 1-3 business days.

If check is selected, then it will be delivered as early as the time of pickup. Please note, you will have to wait for confirmation of check activation before depositing. Additionally, some banks have deposit limits and may hold the funds for multiple days before they're deposited in your account.

Some cars won't be eligible for an offer. Reasons include branded titles, extensive damage, high mileage, old age, exotic or rare models, non-drivable condition or no local interest.

If your car has any of these issues, it's possible you won't get an offer. You can still list your car and we'll guide you through the process.

Among other things, a vehicle title shows proof of vehicle ownership, and if there are any outstanding liens against the vehicle. That makes the title an important and necessary document when selling a car. Rules around car titles vary by state, but—generally speaking—if you’ve lost your vehicle’s title, it should be possible to obtain a replacement by contacting your state’s Department of Motor Vehicles (DMV). Note, obtaining a new title invalidates a car’s old title.

There are other reasons why you might not be in possession of your car’s title, such as if the car still has a lien against it, or if it was bought from a previous owner that didn’t have the title. Our guide to how to sell a car without a title explains what to do in these scenarios.

It is possible to sell a car that you haven’t finished financing, but only if you can settle the outstanding auto loan with the lender, who in turn will then release the car’s title (assuming they hold it—this varies by state). Note, the amount owed is unlikely to be as simple as multiplying your monthly payment by the number of months left to run on the loan. Instead, you’ll need to contact your lending institution to establish your payoff amount and arrange to settle that figure before you can sell your car. Alternatively, if you trade in your car, the dealer will guide you through the process of settling the loan as part of the purchase of your next vehicle. For more information, see our guide: How to Trade in Car That Isn’t Paid Off.

The rules and laws on what taxes you pay when selling your car to a private party vary by state (and in some cases even by city). The most important thing to know is that you only pay tax on any profit made from the car sale. If you sell a car for less than you paid for, it there’s no sales tax to pay. However, if you sell your car for more money than you paid for it, the Internal Revenue Services (IRS) considers that a capital gain, and you’ll need to report it when you file your federal and state income taxes. Only after that will you know if you owe any taxes. For more information, read out full guide: Understanding Taxes When Buying a Selling a Car

If you’re worried that selling a financed car might hurt your credit the important point to consider is whether you can settle your debt as agreed with the lender. Contact your lender and ask for your payoff balance, which is a figure based on the remainder of the loan payments plus accompanying interest and fees. If you can sell your car and settle the payoff loan with the lender, then it won’t hurt your credit. If you sell your car but still can’t meet the payoff balance, there are other options open to you, such as refinancing the remaining balance to make payments smaller. Doing this shouldn’t hurt your credit because you’ll still be paying the loan back in full.

Alternative routes that will harm your credit include paying a settlement balance, voluntary surrender of the vehicle or repossession of the vehicle. If you’re struggling to pay back your car loan, it’s important to speak to the lender to see what options might be available to you.