12 Best Companies that Can Buy My Car in 2024

12 Companies that Can Buy My Car

1. Peddle

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Peddle is a popular car buyer service operating in over 50 states that buys all types of vehicles despite their condition, make or damage.

Selling the car to Peddle involves a few steps and that takes no more than 10 minutes.

How to sell a car to Peddle:

1. Fill out an online form (up to 5 mins) – provide your car’s make, model, year, and mileage and describe the condition.
2. Evaluate and accept the offer (up to 2 mins) – after you fill out a form, you will get an instant cash offer. If you are happy with it, the next step is accepting the offer.
3. Create the account (up to 3 mins) – you can sign up with your email or Facebook account.
4. Schedule car pickup – after you accept the offer, Peddle’s representative will contact you and schedule the car’s pickup from your specified location. You only need to arrange the exact time you will be available.

Peddle’s offer will be valid for 7 days and after you accept it, the car will be inspected and towed away within 48 hours. Car inspection usually takes no more than 10 minutes and you will be paid by check at the end of it.

2. Wheelzy

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Wheelzy is another popular online car-buying site. Wheelzy doesn’t buy motorcycles, two-wheeled vehicles, ATVs, campers or RVs and only accepts cars no older than 1981.

To get started with Wheelzy, you need to follow a few steps:

1. Fill out an online form – provide details on your car, such as year of manufacture, make, model and submodel.
2. After submitting the form, you’ll get an offer to sell your vehicle. 
3. Then, the company organizes a convenient pickup time at no cost.
4. After pickup, they’ll pay by cash or check. 
5. Finally, the company handles the paperwork and ownership transfer.

3. Carbrain

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Carbrain specializes in buying well-maintained second-hand vehicles as well as junk, unwanted, non-functional, and scrap cars.

Carbrain also offers a quick and easy process of selling a car. On average, after 2 minutes of filling out an online form and providing basic details about your car’s model, CarBrain will contact you and provide you with a cash offer. This offer will be valid for 7 days.

If you accept the offer, CarBrain’s contractors will arrive to inspect the vehicle and tow it away.

CarBarin will pay you by check within 48 hours after you accept the offer.

4. Carvana

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Carvana is one of the largest e-commerce platforms that sell second-hand vehicles in Arizona. It was founded in 2012 and currently has over 20,000 well-maintained vehicles for sale.

You can sell your vehicle through the website or by downloading the Carvana app on your mobile device, which will take you less than two minutes.

The company operates entirely online; therefore, after filling in the details and accepting their offer, someone inspects, pays, and tows away your vehicle.

When giving your car details, you can include mileage, zip code, premium features, accident history, mechanical issues, exterior damage, loan status, and general condition.

5. CarGurus

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CarGurus offers two ways to sell a car: you can get an instant quote or you can sell it privately.

If you’re considering selling your car privately on CarGurus, creating a 30-day listing will cost you $4.95. The good thing is that there are no additional fees or commission charges when your car sells.

To get an instant cash offer, you can either provide your car details or simply enter your Vehicle Identification Number (VIN) or license plate number.

If you accept the quote, you can arrange a time to pick up the vehicle from your home. Payment is made within two business days after the sale, either by check or direct deposit.

6. eBay Motors

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eBay Motors has a wide audience but also has high competition; for example, as of 2022 data, eBay had 18.3 million sellers. So selling privately can take some time. However, you can potentially get a better value for your used car compared to selling to dealerships.

When listing on eBay Motors, you need to create a Sellers Account and choose one of 3 listing packages: basic ($19), plus ($49) or premium ($79).

Moreover, eBay charges a 2.8% deposit fee if you set the deposit requirement option.

7. Carmax

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Carmax is one of the oldest car-selling and buying companies, with over 220 retail stores located in over 41 states. As a leading car retailer, Carmax has sold over 9 million years since it was founded in 1993.

The online process is the same as other platforms, such as Peddle and Wheelzy, since all you need is to fill out a form, get a seven-day offer, schedule an appointment, and get paid. Even though the offers are firm and non-negotiable, they may adjust the price after the verification process.

In addition, you can drive your car to a CarMax store near you for a physical appraisal. With this, you don’t need to schedule an appointment, as you can simply walk in.

The downside of CarMax is that they won’t pick up your vehicle, and you can only redeem the offer at a store nearby. However, you get instant pay after verification. 

In the case of a leased vehicle, they will liaise with the leasing company and offer to pay off the quote or equity. 

Related: 5 Steps Guide to Sell Your Car to a Dealership

8. Autonation

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Autonation is a car-buying company with 300 plus retail stores and more than 26000 associates spread across the United States.

The online platform allows you to sell your car by providing its VIN code along with a short description of its physical condition. 

Typically, a certified offer will come your way within 30 minutes. Like Carmax, they don’t come to your location, but you must present your offer and car to the nearby store and get paid after inspection.

Even though they can buy cars from anyone, you can sign up with your email and access other services, including; 

• Viewing vehicle models
• Tracking your preferences
• Vehicle financing and 
• Service & parts availability

Related: How to Sell Car to Salvage Yard? (5 Steps)

9. Kelley Blue Book

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Kelley Blue Book is a leading car automotive research and valuation company in the US. The Californian-based company opened its doors in 1926 and has nationwide outreach in over 50 states.

It uses a proprietary algorithm, historical trends, market conditions, year, location, and industry development to determine the market value.

A KBB review reveals that the Kelley Blue Book website is a comprehensive database that you can access;

• Vehicle reviews
• Autoshop guide
• Services & repair guide
• Maintenance pricing
• Car buyers guide
• Expert car reviews
• Cars for sale
• Car reviews
• Research tools such as credit and car loans
• Buying and selling of second-hand cars

Kelly Blue Book buys second-hand vehicles from individuals who place an offer on its website. You can give details of your work, including the VIN or Licence plate, to get an accurate offer.

The offer lasts seven days, and once you accept, drive the vehicle to the nearest dealer for verification and a cash offer. You can also trade in your vehicle for another and drive home with it the same day.

In addition, you can download the Kelly Blue Book app from Google Play or the App Store and access the service anywhere.

10. We Buy Any Car USA

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We Buy Any Car USA is a family-owned business that started its operation in 1951. In over six decades, the company has made a name in car buying services and currently has over 116 locations across the United States.

With a long-standing reputation of exemplary service to its customers, you can be certain that you’ll get the right quote for your vehicle.

The first step is to fill out an online evaluation with your car’s make, model and year of manufacture. After that, you’ll get an offer, and if you accept, you can present your vehicle to the nearby branch.

You”ll receive money or a check within the same day. You can also trade in your old vehicle with a different model of your choice.

11. SellMax

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SellMax is a US-based company that has been in the car-buying business since 1990. Even though it’s based in San Diego, it has locations in up to 50 states where sellers can easily get a buyer for their vehicle.

The company has a reputation for not being picky and accepts all types of vehicles. Further, they’ve streamlined the entire process to deliver quick quotes, less paperwork, and convenient pick-ups. 

To get started, you can value your car by entering the details in the search box on the website. You’ll get cash the same day the staff tows your vehicle.

12. DamagedCar

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As the name suggests, DamagedCar is a US-based company that offers reasonable market value for wrecked, crashed, and damaged cars. The company has been in business for up to ten years and has closed up to 1 million offers.

You can get a valid offer within 90 seconds of providing your vehicle’s details. You’ll get paid within 48 hours after a representative picks up your car.

How Long Does it Take to Sell a Car?

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On average, selling a used car to a private buyer takes about 52 days. However, the exact duration can vary based on several factors, including the car’s make, model, age, mileage, condition, price, and even your geographical location.

In addition to these 52 days, you’ll need to dedicate extra time to manage your car’s listing details, such as adjusting the price, interacting with potential buyers, arranging test drives, and handling all the necessary DMV paperwork.

If your aim is to sell the vehicle as quickly as possible, opting for online platforms like Peddle, Wheelzy, or Carbrain could be your best bet. These services can finalize the sale and get you the money in less than 48 hours.

Who Will Buy My Financed Car?

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Selling a car with a loan can be tricky, especially if your goal is to sell it privately. Until the loan is paid off, the legal owner of the vehicle is the lienholder, and you won’t be able to complete the title transfer. Moreover, most potential buyers won’t be interested in such offers due to possible financial burdens.

However, you still have a few options:

1. Pay off the loan yourself – this is the easiest way to sell a financed car. Once the loan is paid off, you will be able to transfer the car title to your or the buyer’s name.
2. Use sale money to pay off the loan – discuss with the buyer before signing any documentation to avoid any legal claims. You will need to pay off the loan, transfer the title to your name, and only when to the new buyer.
3. Sell to a dealership – some dealerships can buy your car, even if it hasn’t been paid off yet. If the value of the car is greater than the payoff balance dealer will transfer the payoff amount to the lender and the rest money to you. If the car’s value is less than the payoff amount, you will need to cover the difference yourself.

Is it Better to Trade In or Sell?

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Is it better to trade in or sell depends on your situation and goal If your main goal is to maximize your profit and you’re not concerned about the time it takes to sell, selling your car privately is likely the best option.

If speed is of the essence, or if you’re selling a car that’s still being financed, trading it in could be a more suitable choice.

However, if you’re aiming to sell your car as quickly as possible, without any complications and with complete security, it’s advisable to sell your car online to companies like Peddle, Carbrain, or Wheelzy.

Way of selling	Average time	Selling speed	Pros	Cons
Selling privately	52 days + 15 hours of personal time	Slowest	Possibly the highest sale price	Time-consuming, no guarantee of sell
Trading in	From 4 hours to a couple of days	Rather fast	Convenience, saving on sales tax	Lower price, need experience in negotiating
Selling online	24-48 hours	Fastest	Quick process, no paperwork hassle	Lower payment

Required Paperwork to Sell My Car

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The necessary paperwork for selling your car can vary by state, but a universally required document is the Certificate of Title, which legally proves ownership.

In some states, you’ll need to provide additional documents such as a bill of sale, valid emissions test results, and car registration documents along with the title.

It’s also beneficial to have a VIN check, service records, and the owner’s manual. These documents can help substantiate the car’s value and potentially secure a better deal.

Status	Document:	Document:	Document:
Required in All States	Certificate of Title	Odometer Reading	Release Of Liability
Required in Some States	Bill of Sale	Registration Tag	Emissions Test
Optional Paperwork	Vin Check	Service Records	Owner’s Manual

Do I Need to Pay Taxes When I Sell a Car?

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Do you need to pay taxes when you sell a car depends on whether you sell your car at a price higher than what you paid for it, you’ve made a capital gain, and the IRS requires you to pay taxes on this profit.

On the other hand, if you sell your car for less than what you paid for it, you’ve incurred a capital loss, and the IRS doesn’t require you to pay taxes on this.

The tax amount is determined by several factors: your income level, the duration you owned the asset, and the size of the capital gain. Depending on these factors, you could be liable to pay 15% – 20% for long-term capital gains and anywhere between 10% and 37% for short-term capital gains.

Remember, the buyer is always responsible for paying the sales tax, not the seller.

To calculate your capital gain from selling a used car, add the original cost of your car and any improvement costs, then subtract this total from the sale price. For example, if you bought a car for $30,000, spent $900 on improvements, and sold it for $31,000, your capital gain is $100.

Long-Term Capital Gain: If you owned the car for over a year, the tax rate is 0%, 15%, or 20%, depending on your income. For example, a single individual earning less than $44,625 won’t pay capital gain tax, but if earning between $44,626 – $492,300, the tax rate is 15%.

Short-Term Capital Gain: If you owned the car for less than a year, the tax rate ranges from 10% to 37%, depending on your income. For example, a single individual earning less than $11,000 will pay a 10% tax, but if earning between $44,726– $95,375, the rate is 22%.

Note: These income thresholds are lower for married individuals filing tax returns separately.

People Also Asked

What is the best way to sell a car?

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The optimal method for selling your vehicle hinges on several factors:

• The car’s type
• Your time constraints
• The urgency of the sale
• The required documentation

Selling privately could yield the highest return, but it also requires additional time for preparing the car for sale, advertising, meeting potential buyers, and handling all the paperwork.

On the other hand, selling your car to a dealership like Peddle could be the most suitable option if you’re looking for a quick sale. Peddle provides an immediate cash offer and even manages all the paperwork for you.

When is it best to sell a car?

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The ideal time to sell your car can depend on several factors:

• Before the launch of a new model year, which typically happens in the fall. It’s generally better to sell earlier in the year.
• Spring or summer are good times as many people look to buy a car for summer road trips or family vacations. It’s also when tax refunds come in and well before the holiday gift-giving season.
• Certain types of vehicles, like sports cars, convertibles, and high-passenger vehicles, tend to sell better in the spring and summer months.
• Cars with four-wheel drive or all-wheel drive often sell better in the autumn and winter seasons.

Where can I sell my car engine?

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If you own a car with either a fully working or a blown-up engine the most efficient way to sell it is through online car-buying services such as Peddle, Wheelzy, or Carbrain. This process only takes a few minutes, you’ll receive a payment within 48 hours, and it saves you from any potential hassles.

If you are considering selling your used car for parts, you should evaluate your experience, knowledge and time budget.

How long it can take:

• Disassembling the car: 20-40 hours
• Cleaning and inspecting the parts: 10-20 hours
• Listing the parts for sale: 5-10 hours