Sell your car in West Virginia | Cash for cars up to $8,800 (2023)

FAQs

What is the best way to sell a car for cash? ›

Regardless of the age of the vehicle, we again found that Carmax is the best bet for a seller looking to get top dollar. The difference in offers is particularly pronounced for vehicles produced in the last six years, as well as those from 2009 and earlier.

The Kelley Blue Book^® Instant Cash Offer is a real offer for a specific amount to purchase a consumer's car or apply the amount toward another car. The Offer is valid for 7 days and can be immediately redeemed during business hours at any Participating Dealer, pending inspection.

SELLER AND BUYER MUST COMPLETE THE ENTIRE DOCUMENT, SIGN, AND HAVE IT NOTARIZED.

Does WV DMV require a bill of sale? ›

If the vehicle is purchased from an individual and the purchase price is below 50% of the current NADA Clean Loan Book value, a notarized bill of sale must accompany the application for title, or the tax will be assessed on the NADA Clean Loan Book value.

If you have sold a vehicle, you may submit a Sold Vehicle Notice (DMV-1-S) and the license plate to the DMV, or submit proof of plate transfer and proof of insurance on the new vehicle.

Their prices aren't as low as other dealers'. The Truth About Cars analyzed the sales prices of similar vehicles on eBay and CarMax and found that their prices were consistently higher, often by a few thousand dollars. That's because they have more overhead, which the site points out.

When you have a car you need to sell, selling it to a dealer is the easiest way to unload it. Many dealers will buy your car for cash without requiring you to use it as a trade-in to buy another car. With the ongoing inventory shortage and rising used-vehicle prices, it's a lucrative time to sell.

Trading in

You will get less money than selling it yourself. At best, you should expect to get the vehicle's wholesale value. You can use the trade-in amount as the down payment on the new car. To get the best price, you will probably have to haggle with an experienced salesperson over the trade-in value.

While you save time looking for a buyer and handling paperwork, you will almost always get less money back than selling it yourself. This happens because the dealer still needs to profit from your old car, even though you just bought one of theirs. However, there is a bright spot in all of this.

The majority of their earnings come from the commission, which fluctuates according to how much they sell. The commission amount per sale is a percentage of the dealership profit rather than the car ticket price. This percentage is usually around 20 to 25 percent.

What used vehicle holds its value the best? ›

The Answer: Yes, CarMax will buy your car with over 100,000 miles. However, getting quotes from multiple companies who buy cars is a good idea.

The offer will not change as long as the information you entered was accurate. Learn more about how trading in and selling works at Carvana.

All-cash offers may give buyers more power. You may be able to snag a house for less than asking-price, as buyers are more willing to negotiate when cash is on the table. Reduce contingencies. All-cash offers don't require an appraisal because there's no lender involved.

A cash offer is an all-cash bid, meaning a homebuyer wants to purchase the property without a mortgage loan or other financing. These offers are often more attractive to sellers, as they mean no buyer financing fall-through risk and, usually, a faster closing time.

Although some dealerships give better deals to those paying with cash, many of them prefer you to get a loan through their finance department. According to Jalopnik, this is because dealerships actually make money off of the interest of the loan they provide for you.

If the vehicle is purchased from an individual and the purchase price is below 50% of the current NADA Clean Loan Book value, a notarized bill of sale must accompany the application for title, or the tax will be assessed on the NADA Clean Loan Book value.

Is a handwritten bill of sale OK? ›

Can a bill of sale be handwritten? While it is common to present a bill of sale in a digital format, you can also create this type of contractual agreement as a handwritten document on paper. What's most important is to include all of the pertinent details in the bill of sale in order to protect both parties.

Step 1: Present the following documents

Note: The bill of sale can be a handwritten statement signed by the seller and purchaser or a Vehicle Price Certification signed by the seller or purchaser.

You can gift a car in West Virginia to a family member. You must include an Affidavit of Transfer of Ownership Without Consideration which must be notarized. The purchase price must be listed as zero or gift on the original title and your Application for Certificate of Title.

The owner of a set of registration plates may surrender them to the commissioner together with the registration card and, upon the payment of $10 as an exchange fee and upon the payment of such additional fees as are necessary to equalize the value of the plates surrendered with the value of registration plates desired ...

The fees include a $15 title fee, a $10 lien fee if applicable, and a regular registration fee of $51.50. The titling sales 6% sales tax on a vehicles' value has been eliminated for new residents moving into West Virginia with a vehicle already title in their name in another state.

Can I sell my car and keep the number plate? The short answer is yes! If you have a number plate that you wish to keep when you sell or scrap your car, you must make an application to keep the registration plate by assigning it to a Retention Document.

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How can I make extra cash? ›

Which Is Better: Carvana or CarMax? Carvana is a better option if you look for convenience and ease of use in your purchases and trades. On the other hand, CarMax is ideal for people who want to test drive the car beforehand and who do not mind going to their nearest CarMax location to do it.

CarMax advertises “no-haggle” pricing, and it does not offer price matching or negotiation on any car purchases, sales or trade-ins.

Sale receipts

If you're selling your car privately, you should provide the buyer with a receipt with as much information as possible including the names of the buyer and seller, address of both parties, the date, amount paid, registration plate, VIN number and both parties' signatures.

The bank will check the cash and count it on the spot, and it is immediately deposited into your account. You can then happily hand over the keys and wave goodbye without any stress, or the potential horror of turning up to the bank afterwards to find the money is no good and your car is long gone.

In order to do this, they requested quotes for 100 different vehicles – with varying manufacturers, mileage, and age – and then compared the results. CarMax was the clear winner as their average offer was $13,902 which was $1,007 more than Carvana and $1,127 more than Vroom.

It is fully understood that this vehicle is sold as seen. I the buyer agree that I have tried, tested and approved this car as suitable for my personal needs without any representations, warranties or conditions expressed or implied whatsoever.

How long does it take to sell a car? ›

It would be better to go into the effort assuming it's going to take at least 4-8 weeks or longer to sell your car. If it happens faster, then you'll be pleasantly surprised. Armed with realistic initial expectations, now you have to figure out if you have a car anyone will want to buy.

Curbstoning is when a dealer poses as a private seller to sell a car. By curbstoning, an unethical dealer can avoid having to comply with the regulations that apply to dealers. To a buyer, this could mean buying a car that has a salvaged title (a car that's been declared a total loss by an insurance company).

It's always best to be totally honest about your car's condition to prospective buyers. If you're selling privately, an unhappy buyer could end up suing if they think you were trying to hide something wrong with the vehicle.

Personal and Cashier's Checks

Besides cash, a certified cashier's check is the most secure way to accept payment during a private sale.

If you tell them you're paying cash, they will automatically calculate a lower profit and thus will be less likely to negotiate a lower price for you. If they think you're going to be financing, they figure they'll make a few hundred dollars in extra profit and therefore be more flexible with the price of the car.

Cash gets you the discount price, which is the cost you pay for taking advantage of zero percent financing. And when you pay cash, you may even be able to negotiate a better price, particularly on a used car.