Best Way to Sell Your Used Car

The trade-in tax credit can only be applied if you buy and sell a car in one transaction at a dealership. On a $20,000 trade-in, the tax credit can be worth between $1,000 and $2,000 depending on your local tax rates. The CarMax car-selling process is similar to other options for selling a car online like Carvana and Vroom.

Best Ways to Sell a Car

Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best platforms to sell your car. We collected data on several providers to grade each company in five key areas. The end result was an overall rating for each provider, with the car selling platforms that scored the most points topping the list. All vehicles that CarMax sells come with a 30-day/1,500-mile money-back guarantee. You can get a full refund for the vehicle during that time if you change your mind. CarMax will mail you a check within two weeks for the full price of the vehicle if you paid cash. An offer from CarMax lasts for seven days for both online and offline offers.

How to avoid car-repair scams

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If you plan to sell a car, find out how to get top dollar by using these steps for success. Once equipped with these and other tools, you’ll be ready to sell your used car and get the most out of the deal you choose. Consult your car’s manual.Manuals typically include a checklist of routine maintenance for your car and when to have those services performed at a garage. That schedule can vary depending upon the make and model of the vehicle, so it’s important to use the manual for your particular car, according to Lardear. Definitive statistics on car repair and maintenance scams are hard to track.

Is CarMax a Good Place To Buy a Car?

After you accept a cash offer, Carvana will send a representative to inspect your vehicle and pick it up from your home. That means you can sell your car to Carvana without leaving your driveway. When the buyer decides that your car is the one for them, and you’ve agreed on a sales price, the smartest next step is determining which payment option works best.

The positive reviews focus on the buying program offered by the company, with great tools to sell or buy used cars. 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.