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How to Buy or Sell a Used Car Online

Laura interviews Sarah Wyant from Carvana about tips for getting the best deal when buying or selling a used car online. They discuss what you need to know, including how to save money, create a car budget, prepare for financing, have a more enjoyable experience, and receive a real offer to sell your car in minutes.

By
Laura Adams, MBA
2-minute read
Episode #719
The Quick And Dirty

Get expert tips about the best way to sell a car or buy a used vehicle from the comfort of your couch. Not only can finding your next car be hassle-free but you might actually have fun shopping for a car online.

In the old days, you had to get up off the couch to visit car dealerships or read pages of classified ads to find used vehicles for sale. Now, online platforms can make the process so easy you might enjoy shopping for your next pre-owned car. 

Since I’m getting ready to help my mom sell a car, I interviewed Sarah Wyant, Assistant Director of Financial Planning & Analysis at Carvana. If you’re like me, you’ve seen Carvana’s TV commercials featuring tall car vending machines. I got connected with them through Finder.com, an online comparison site, and wanted to learn more about how the car buying platform works. 

Carvana doesn't know if you've never bought a car before or judge you for being a woman ... everybody gets a great deal.

Sarah Wyant

Sarah and I had a great conversation about tips that every car buyer and seller should know and ways to get the most from the Carvana platform. Here are a few topics we cover on this Money Girl podcast interview:

  • How Carvana shoppers save an average of $1,000 compared to using a traditional car dealer.
  • How to use Carvana’s Auto Loan Calculator to know how much you can afford before shopping for a car.
  • Why it’s convenient and empowering to buy or sell a car anonymously online.
  • Whether purchasing a new or used car is the best financial move for you.
  • How to prepare for an auto loan and apply without getting a hard inquiry on your credit.
  • Tips to know if you should sell a vehicle or accept a trade-in when buying your next car.
  • How to get a genuine offer to sell your car in minutes, even if you haven’t fully paid it off.

Listen to the interview using the embedded audio player or on Apple Podcasts, Stitcher, and Spotify.

Car Loan or Lease? 6 Tips to Know Which Option Is Best

What questions do you have about buying or selling a used car? Leave a voicemail for Laura by calling 302-364-0308. Follow her on Instagram and sign up for her weekly newsletter at LauraDAdams.com.

About the Author

Laura Adams, MBA

Laura Adams received an MBA from the University of Florida. She's an award-winning personal finance author, speaker, and consumer advocate who is a frequent, trusted source for the national media. Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers is her newest title. Laura's previous book, Debt-Free Blueprint: How to Get Out of Debt and Build a Financial Life You Love, was an Amazon #1 New Release. Do you have a money question? Call the Money Girl listener line at 302-364-0308. Your question could be featured on the show.