Selling A Car Through Peddle – Is It That Easy?October 3, 2021
Are you having a used vehicle and you are considering selling it? Selling a car through Peddle is probably one of your choices and you are considering but you are not sure about them and their legitimacy? If that’s the case, you are at the right place because we are going to cover everything you know about the process and how you can sell your car through Peddle.
Selling a used car can be a big struggle and not a lot of people want to be involved in that process. As you know, selling a car involves making a selling post, then you need to receive countless phone calls that will annoy you because you will be attacked by hagglers that will require a lot less than you have previously anticipated and will try to snatch your car for close to nothing.
And if you don’t want that, Peddle is one of your choices to get rid of your hooptie, quickly and effectively without the haggling and other annoying things that you can come across when trying to get rid of a car online. We are going to cover everything you need to know when it comes to this work.
In this article, we are going to cover what is Peddle? How are they doing their business and if they are legit? Then we will discuss all of the documents that you need to sell your car. Then we will discuss selling a car through Peddle procedure. Lastly, we are going to discuss some alternative options if you don’t want to use this method. So, without further ado, let’s dive into the article.
What Is Peddle?
Peddle is a website where you can sell your car by following a few simple steps. Peddle are a company that works fully online and doesn’t have dealerships or offices. This simplifies the selling process by a big margin.
Everything you need to do is to go to their website and sell your car. Simple as that. You get an instant cash offer for your car. No haggling involved, just straight-up business.
Selling your car to them is one of the simplest things that exist out there. You just go to their website and you enter the information for your car and you get an instant offer. The offer is valid for 7 days and if you like the offer, you can accept it. Or you can reject it. If you reject it, you will have to apply again on their website. If you accept the offer, you will be able to arrange a pickup for your vehicle.
The truck will come to your door and will pick up your car from your place. Then you will also get paid for this sale and earn money from your old hooptie that you couldn’t sell.
So, how much money could I expect to be paid? Well, not much. Peddle is usually buying junk cars, this means that the value of the cars is pretty low. They usually offload the junk from your property and make you earn some money from this.
Their offers are relatively low compared to selling a car for a retail price. That’s why if you have a perfectly running car that still has life in it, the best option is to sell it somewhere elsewhere. But it is also a good idea to try your luck on Peddle. Because maybe you will like their offer.
Is Peddle Legit? – Selling A Car Through Peddle
Yes, Peddle is a legitimate company that buys cars. There are countless reviews online that are rating this company and giving a lot of feedback when comes to what to expect by selling your car to them.
You shouldn’t worry that you will not get paid by them. They will do everything as they promise. They will come to your door and will pick up the vehicle from you and you will get paid. Simple as that.
In fact, many people have praised Peddle for the simplicity of selling a car through Peddle. The process is one of the simplest things that you will do in life.
You just go to their website and then you fill-up the form. You need to enter all the information correctly. The year of production of your car, the make, and model, then you will give information if your car has a title. Then they will ask you for some information about the types of damage that your vehicle has.
Make sure that you don’t lie to them if your car is damaged. This will guarantee that you will get paid. Because if you say that the car is in perfect condition and the car, in reality, is total junk, they might not buy it from you. Or they will offer you a lot less. Since good condition cars and hoopties do not value the same.
After you fill-up the form, you will get a phone call. Then you will confirm that you accept the offer that Peddle gave to you and you will arrange the pickup. Simple as that. Selling a car through Peddle could never be easier. But what type of documents do you need when selling a car on Peddle? Let’s find out.
Documents I Need To Sell A Car On Peddle?
In order to sell your car through Peddle, you also need to have documents that you own the car. Since they cannot buy something that is not owned by you.
And by this, we mean that you need to have a car title. The car title is a legal document that proves that you are the rightful owner of the car. That’s why this title is so important. Because if you lose it, it could be extremely difficult and close to impossible to get rid of a car.
The best chance that you will have, is to get a new title issued to yourself. A new title will have your name on it and you will be able to get rid of your car quickly. If you have a car title, selling a car through Peddle has never been easier.
It is fortunate that in some states, you can get rid of a car only with a bill of sale. The bill of sale is a legal document with which you can prove that you have purchased or inherited the vehicle from your late grandpa or something similar. The bill of sale is a document that proves that the car was sold to you or to a close relative and you can sell the car if you have a bill of sale as well. The best thing is to inform yourself on Peddle and see what they are going to ask from you.
Other documents you should submit are the registration and your personal identification. Since you have to prove that you are that person and you are not a fake.
Types Of Titles
There are a few types of titles that are out there and you need to consider this when selling a car through Peddle.
There is a clean title. With a clean title vehicle, you should get a decent offer from Peddle. Since clean title cars are valued more and you can expect to earn more from them. The clean title proves that the car has never had structural or frame damage. The clean title means that the body of the vehicle is completely safe and was never involved in a major incident on the road.
The next type of title is the salvaged title. The salvaged title means that the vehicle was involved in an accident at some point but was later repaired and fixed. The salvaged title vehicles are usually valued at around 30% below clean title vehicles.
This is worth noting since not many people want to get involved with a salvaged title vehicle. But if you selling a car through Peddle, you shouldn’t worry since they buy almost anything.
And the last type of title is the certificate of destruction. But what a certificate of destruction means? This means that the car was totaled and could only be used for parts. This is perfect if you want to sell your car through Peddle.
These totaled cars are mostly carnage vehicles that were involved in major incidents and could not be returned to the roads. There is also another type of totaled cars like fire damaged cars, flood-damaged title vehicles. If you have a car like this then selling a car through Peddle would be a great idea.
Alternatives That Are Worth Considering
There are also other alternatives that you could consider when selling your car. Especially these days there are a ton of options out there for both buying and selling cars. We have covered selling a car through Peddle and now let’s see what are your alternatives because you might have considered their offer to be too low and you want to try your luck elsewhere. So, which are the alternatives? Let’s find out.
Sell It To A Dealership
Another way to get rid of a car that you don’t need is to sell it to a dealership. There are a ton of dealerships that deal with hoopties and if your car is in fairly good condition with not a lot of work needed in order to bring it back to proper working order. Considering selling the car to a dealership is an excellent idea.
By doing this, you will earn more money compared to selling a car through Peddle. This will be the case if the car is roadworthy. But you cannot expect to earn retail value, since the dealership also wants to profit from your vehicle.
It is very likely that you will get 10% to 20% less than its retail market value if you opt for this sale. But a good thing is that you will not have to deal with hagglers and you will sell the car in no time.
Also, many dealerships offer to replace your car with a new vehicle from their lot. If you get a good offer for replacing your old car and cash for a new car, then this will be the logical move. That’s why it is a good idea to consider all of the options that are available and learn from where you could profit the most.
Sell The Car To CarMax
You can also sell your car to CarMax as well. But what is CarMax? CarMax is a company that buys used vehicles that are in fairly decent condition. If your car is no less than 10 years old and has relatively low miles, they will highly likely buy it from you and you will earn money.
How they work is pretty simple. You just take your car to one of their locations and they will inspect the car and then they are going to give you an offer for it. The offer will depend on the vehicle condition, age, and miles.
Their offers usually will be lower than full retail prices, since they want to profit from it as well. The offer you can expect is similar to selling your car to a dealership. 20% less than retail or more if the car demands a lot of work in order to be brought in mint condition.
That’s why if you plan to sell your car for full retail, you might want to look for some other options and selling the car by yourself without a middleman.
CarMax also gives you a 7-day offer that you can accept or decline. They usually give better offers than other companies, especially for cars that are fairly new and in mint condition with proper service history and no accidents. They might not be the first option out there, but they are worth considering if you want to get rid of a car that is fairly new and in excellent condition.
KBB Instant Cash Offer
KBB Instant Cash Offer is a special service by Kelly Blue Book. They are collaborating with a great number of dealerships across the country and they offer you cash for your car.
Similar to selling a car through Peddle. You enter the information at their website and you will get an instant cash offer. They will give you money for whatever you add to their offer. The offer as we mentioned above depends on the age and the condition of the vehicle. The newer the vehicle and the better the condition the more money that you will get from KBB.
After you receive the offer, you have 7 days to decide whether you accept the offer or you decline the offer. Similar to selling a car through Peddle or CarMax.
If you accept the offer, you will have to take your car to the nearest dealer that is working with KBB where you will have your car inspected thoroughly, and there you will get paid.
Also, you will need legal documents that you are the rightful owner of the vehicle in order to get your vehicle sold. Also, if your car is leased, you will need to have the approval of the lien holder in order to sell the car.
The amount that you will potentially get will be similar to CarMax, the dealer will like to have a profit on that car as well, so you can expect 10% to %20 less than the retail value of the vehicle.
Sell The Car To A Junkyard
Another good option if you have a car that doesn’t run is selling the car to a junkyard. You probably have a lot of junkyards in your local county. These junkyards will take almost anything and you will be able to sell them their car in no time.
The downside of selling your car to a junkyard is the low prices that they ask for. It is highly unlikely to get more than $1000 for your car if you sell it to a junkyard.
Also, when you sell your car to a junkyard can be a bit tricky since you have to take your car to the junkyard. And if your car doesn’t run, you will have to pay some cash to haul it with a truck.
That’s why when you want to sell a junk car, selling a car through Peddle is a better idea. They will come to pick the car right in front of your home and you will save yourself from the trouble of taking your car to a junkyard, and still getting paid in the process.
Conclusion – Selling A Car Through Peddle
In this article, we have covered a lot when it comes to selling an old car. We have learned how selling a car through Peddle is possible. We learned what is Peddle and how they are doing business. Then we have learned which documents do you need if you want to sell your car to them or other places that buy old cars.
Then we looked at some of the alternatives that exist out there. There are plenty of other options like CarMax, KBB Instant Cash Offer, selling the car to a dealership, or selling it to a junkyard. Either way works, it depends on you where you want to sell your used vehicle.