Question 1

How long will my ad run?

Accepted Answer

Your ad will run for 40 days. At the end of the 40 days, you have the ability to re-purchase your ad. Ads with a sale pending are temporarily exempt from expiration. In addition, we reserve the right to remove your ad at any time if we determine that you, your ad, or the vehicle you are selling does not comply with Autotrader Private Seller Exchange Terms of Sale. You may cancel your ad at any time. Please be courteous to buyers: do not list a vehicle unless it is currently for sale, and cancel your ad promptly if you changed your mind or decided to dispose of your vehicle by other means.

Question 2

How will buyers contact me about my car?

Accepted Answer

Private Seller Exchange uses a secure chat platform where buyers can communicate with sellers directly. We complete a fraud check using Stripe ID on all buyers (and sellers) to help make sure bots stay away. As a seller, you remain anonymous – except for your first name and last initial – until you decide to respond. By using our secure chat platform, you'll be notified through an email and SMS message; as long as you've verified your contact information with us.

Question 3

How will Autotrader protect my privacy?

Accepted Answer

Your privacy is important to us. Your phone number, email address, and any personal contact information that you provide are never visible on your ad. We also secure your personal information using industry-standard Secure Sockets Layer (SSL) encryption.

Question 4

How much can I sell my car for?

Accepted Answer

This might be the #1 question when selling a car. It really depends on whether you want to sell it fast or get the most money for it. Based on similar vehicles that have sold in your area (along with mileage, condition, etc.), we recommend using our Kelley Blue Book® guide to set your sale price.

Question 5

How to sell a car in four steps

Accepted Answer

The best way to sell your car quickly and easily so you’ll get the most cash is to sell it online using Autotrader.

Organize your paperwork, thoroughly clean the vehicle and then determine your car’s value in order to price it accordingly.
Write a detailed description of your car and take many good photos, both inside and outside of the car.
When buyers start contacting you, you’ll need to be prepared to deal with questions about your car and requests for test drives.
Once you have a qualified buyer lined up, come to an agreement on price, finalize the transaction while protecting yourself financially and legally and then transfer the title and ownership. Read more about how to make the best used car online ad.

Question 6

What paperwork do I need to sell my car?

Accepted Answer

Regardless if your car is an exotic, an everyday driver or a junker, there are seven documents you’ll need to sell your used car privately:

Vehicle History Report
Maintenance records
Transferrable warranty (if applicable)
As-Is documentation
Odometer mileage disclosure
Vehicle title
Bill of Sale

Read more about what paperwork you need to sell your car.

Question 7

What vehicles can't be sold on Autotrader or Private Seller Exchange?

Accepted Answer

If your vehicle has a Branded Title (also known as a Salvage Title) and has been declared by lenders that the cost of the repair is more than the price of the entire vehicle, we are unable to list your car. Law enforcement or police vehicles also cannot be sold through Private Seller Exchange (PSX). Other vehicles that cannot be sold through Private Seller Exchange (PSX) are cars produced before 1989, RVs, and motorcycles. For those vehicles, you may be able to list them on Autotrader Classics, Autotrader RVs, and Autotrader Motorcycles.

Vehicles not in your immediate possession or unavailable for test drives cannot be listed on Private Seller Exchange (PSX). Being a marketplace that offers our buyers test drives we ask that the vehicle be in your possession and readily available for showings and test drives. The vehicle must be in running and safe operable condition, which means (in addition to what is found on the safety assessment: the engine doesn`t stall out, brakes work, the horn is able to be heard by other vehicles, and seatbelts are all attached and can buckle correctly. Lastly, we cannot facilitate vehicles that are being leased (though we can still support vehicle sales that have a loan).

Question 8

Can I finance a leased vehicle through your platform?

Accepted Answer

We don`t finance leased vehicles, but you can chat, arrange test drives with buyers, and explore other options. Please handle payments outside our platform.

Question 9

How do I transfer a car title and ownership after selling a car?

Accepted Answer

The vehicle title and/or registration must reflect the name associated with the seller's account. The vehicle can be titled to your business if the seller is noted on the Articles of Incorporation or provides an EIN reflecting the seller's ownership of The Company. The vehicle can be titled in a different name or business entity if the seller:

Holds a notarized Power of Attorney for individuals.
For businesses: The seller is listed as the designated treasurer in the Articles of Incorporation.

For all the above, additional ID verifications may be required.*

Private Seller Exchange (PSX) cannot accept titles that have a lien release stamp. The vehicle must be perfected in the seller's name before payment for your vehicle is initiated. For vehicles registered with an "AND" designation in which one owner(s) is unwilling to consent to the sell, both parties must be willing and able to sign a Release of Interest form at the point of sale.

Question 10

What are the most common scams you may encounter when selling your car yourself?

Accepted Answer

These are the most common scams fraudsters may try to use:

Fake, forged or counterfeit cashier’s check, certified check, money order or wire
Offers to pay by personal check
Offering to buy the car sight-unseen
The fake shipping scam: A potential buyer who insist on shipping a seller’s car internationally or across the country
Distant buyers either overseas or on a “business trip”
Offers to pay “asap” via Pay Pal, gift card, Cash.Me, Venmo or other online payment service
Overpayment scam, which may sometimes include a third-party website or entity
Payment plan

Read more about how to protect yourself from scams and frauds when selling a car.

Question 11

What is the best way to create a compelling ad to sell your car?

Accepted Answer

To sell your car in the fastest way and to get paid the most money, you’ll want to make sure you write the best possible online ad using the following key points:

Explain why you are selling the car
Define the forms of payment you are willing to accept
Disclose what vehicle paperwork or maintenance records you have
Disclose any issues which need to be fixed
List the car’s key and unique features
Mention any added or custom modifications
Take lots of clear high-quality photos, both close and wide shots
Use proper punctuation and grammar
Price your vehicle accurately using KBB’s car values tool.

Read more about how to make the best used car ad.

Question 12

Can I sell my car without a title?

Accepted Answer

Probably not. There are very few cases where you can sell a car without a title and most states legally require a title in order for the vehicle to transfer ownership.
                In the end, you will need to contact your state&#x27;s DMV department and apply for a replacement or duplicate vehicle title before selling the vehicle.

Question 13

Do I pay taxes when I sell my car?

Accepted Answer

Assuming you are selling your personal vehicle for less than what you purchased it for, no you will not pay any taxes. The buyer will pay any state or vehicle taxes levied directly to their county or state DMV. The seller does not collect or charge tax in addition to the price of the vehicle.
                If you are selling your car for more than you paid to buy it, you should report the transaction on your federal tax return. You might be liable for a capital gains tax on the profit.

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