You’ve got a car that you need to get rid of. Whether that’s because you’re upgrading to a new, flashier model, or the repairs on your clunker are getting way out of hand, or you just need to finance your next international trip, you can totally sell cars for cash in NJ.
The real question is, what option do you pick? There are multiple methods of selling your car for cash; some get you big bucks, others get your money faster. Here’s a look at 7 proven ways to turn your car into money!
1. Cash for Cars Companies
This option is your faster bet. Cash for cars businesses specialize in buying cars for cash in NJ. Their sole purpose is to make this process as seamless and as fast as they possibly can.
You can either call a representative to share your car’s details, or fill out an online form that clearly mentions the make, model, condition and other important details of your car. You’ll get a quote over the phone or online, and the great thing about this is that it takes mere minutes. If and when you accept, you can schedule a pick and give you cash in hand. This entire process could quite literally take place within 24 to 48 hours.
Now, we know what you’re probably thinking. How much money are you going to get? For a running car in decent shape, you could get about 75 to 80 % of the price you’d get when selling privately. But it adds up since you’re not waiting around for weeks on end with buyers who’re more interested in shopping around for their options rather than actually making a purchase.
2. Private Sales
We’ll give you the truth, and that is private sales will always get you top dollar. The downside, however, is that you’re paying with hard work and patience on your part.
It’ll involve lots of cleaning, taking pictures, writing descriptions and posting on every platform known to mankind. Next, you’ll have to field inquiries, schedule test drives, meet strangers in strange alleys and streets, negotiate with hagglers, handle paperwork and pray no one sows up with a fake check that’ll bounce.
If you ask us, that sounds like a lot of hassle. But, it’s worth it, since you’ll get decent money, often 20 % more than a cash-for-cars company.
3. Online Instant Offer Services
Online services such as Carvana, Vroom and CarMax are what you’d call the middle ground between companies that offer you cash for cars and private sales. You’ll get guaranteed offers online, and the best part is that logistics is all on them.
The process is pretty straightforward. You’ll answer questions about your car’s condition and mileage and get an instant quote. If you like the price you’re getting, you can schedule a pickup or drive to a CarMax location where your car is inspected. Your payment is typically cleared within a few business days, and voila!
4. Dealership Trade-In
This is a great option if you’re looking to buy a replacement car and are willing to trade your current ride for a new one. This can be smooth sailing if you’re smart about it. It’s important to keep in mind that dealers need room to make a profit; that’s how they’re running their business. Which is why you’ll typically get paid the lowest of all 7 options.
There’s no denying the convenience here, though. The entire process comprises one trip, one set of paperwork, and you’re walking out with a brand new car.
Also Read: Top 5 Reasons to Cash Your Car Instead of Trading It In
5. Consignment Services
These are probably unheard of, but some dealers and speciality services will help sell your car on your behalf on consignment. They handle everything and take a cut when it sells. Sounds neat, right?
You simply drop off your car and forget about it. Consignment services handle the rest; the cleaning, photographing, handling inquiries and selling it for you. Once the car’s sold, you get the sale price, excluding the commission, usually about 10 to 15 % of the price. This is great for people who simply don’t have the time to handle sales themselves and need someone who’s already got an established network to work with.
6. Parting It Out
This option is for you folks with dead clunkers standing in the garages. If your car isn’t worth much as a whole, but has some valuable working parts, you could get more money selling it parted out.
You’ll remove valuable parts, such as the engine, transmission or catalytic converter and sell them individually on platforms such as eBay.
The great thing about this method is that you’ll get a bang for your buck. The not-so-great thing, however, is that this requires serious commitment. You’re looking at several hours of work spanning over weeks and months, since you probably won’t sell all parts in one go.
7. Donate It
If your car isn’t worth much or you simply have bad memories attached to it, you could totally just donate it. You could give it up for donation to Goodwill or other local organizations, they’ll handle the pickup, and you’ll get a receipt for tax reduction.
While you’re not technically getting paid, it’s a breath of fresh air knowing you no longer have to see that clunker gathering dust.
What Method Works for You?
We’ll be biased and say cash for car companies is your best bet, but it’s true if you really think about it. Opting for cars for cash in NJ means you get money fast and get value for your time over a few extra hundred dollars.
There’s little effort on your part, which is great, because you probably never had the time for it in the first place. If you’re in New Jersey and ready to turn your car into money without the runaround, Cash Your Car NJ offers competitive quotes and same-day pickup. We buy cars for cash in NJ in any condition.
Get a quote and see what your car’s actually worth before you spend weeks dealing with private buyers who probably aren’t serious anyway.
