HomeFinanceGivemetheVIN Review 2022: Sell Your Car

GivemetheVIN Review 2022: Sell Your Car

Our Take

The backside line: Best for individuals who don’t want to make use of their automobile as a trade-in for an additional automobile, or who’ve an uncommon or broken automobile.

  • Offers are good for twenty-four hours and are negotiable.

  • No cost to select up your automobile.

  • Current mortgage or damaging fairness are OK.

  • Salvage titles or broken vehicles are OK.

Pros & Cons

  • Will purchase salvage titles and broken automobiles.

  • Offers $100 if can’t beat CarMax supply.

  • Does not promote vehicles; doesn’t have trade-in possibility.

  • Offer good for under 24 hours.

  • $250 charge if vendor backs out of a signed gross sales settlement.

How does GivemetheVIN work?

GivemetheVIN, or GMTV, buys automobiles immediately from people for resale on the wholesale market. GMTV negotiates a value on-line or over the telephone and picks up the automobile without charge. GMTV differs from some on-line patrons in that it doesn’t additionally promote vehicles on to shoppers, so buying and selling in a automobile shouldn’t be an possibility.

Through its longstanding partnerships with a wide range of wholesalers, GMTV is ready to resell not solely older, broken or salvaged automobiles, but additionally leisure automobiles, business automobiles and heavy tools.

GMTV will negotiate on a gross sales value, however every ultimate supply is sweet for simply 24 hours. The solely charge is one for $250 if a vendor backs out after signing a gross sales contract. The total course of — from when a vendor enters automobile info on-line to after they money a test — could possibly be accomplished in as little as two days.

Selling a automobile to GivemetheVIN

To promote your automobile to GivemetheVIN, you’ll must enter your automobile’s 17-digit VIN or license plate quantity on-line together with the mileage, automobile choices and any mortgage info. You’ll additionally present your ZIP code and e mail tackle, and fill out a quick automobile situation questionnaire.

GMTV will e mail a proposal vary inside minutes. If you’re nonetheless , a purchaser will name for extra particulars concerning the automobile’s situation. The purchaser may also stroll you thru what you’ll must do if there are different names on the title or if the automobile’s proprietor is deceased.

You’ll be requested to add pictures of the outside and inside of the automobile, in addition to underneath the hood, and to offer pictures and descriptions of any harm. You’ll must take an image of the 17-digit VIN and the odometer. The purchaser will then get again to you, GMTV says often inside a few hours, with an actual supply, though nontraditional automobiles might take longer to judge. This supply is negotiable however is barely good for twenty-four hours.

Once you agree on a value, GMTV will ship a gross sales contract to signal, both on-line utilizing Docusign or by FedExing a paper contract. Then GMTV will organize to select up the automobile inside 10 days, presumably as early as the following day. You can select to drop it off your self at a GMTV workplace or a Manheim public sale lot.

You will obtain a test on the spot. You don’t want to scrub the automobile. And don’t signal the title till you’re prepared handy it over with the automobile keys.

GivemetheVIN could also be a very good match for many who:

  • Want to promote a salvage automobile. GMTV will purchase salvage titles, usually at half the worth of a non-salvaged automobile.

  • Want to promote one thing aside from a automobile or truck. GMTV has purchased bikes, RVs, ATVs, meals vehicles, previous ambulances, buses and even a backhoe.

  • Are making an attempt to promote a broken or older automobile. As lengthy as it’s drivable and price at the least $1,000, GMTV says it’s . The automobile’s situation, together with any reconditioning it wants, have to be disclosed in each the written description and with pictures.

  • Want the choice of having the ability to negotiate the gross sales value. GMTV affords a value vary primarily based on preliminary info that sellers present on-line. After a purchaser critiques pictures and talks with the vendor, GMTV negotiates a value supply that’s good for twenty-four hours.

GivemetheVIN particulars and FAQs

Can you negotiate with GivemetheVIN?

Yes, affords are negotiable “on a case-by-case basis.”

Will GivemetheVIN purchase my automobile if I owe on it?

Yes. You’ll want to offer mortgage info so GivemetheVIN can repay the lender. If you owe greater than the quantity of your supply, you will have to cowl any scarcity. GivemetheVIN accepts digital cost (ACH), wire transfers and cash orders; it should additionally settle for a cashier’s test or a private test. You make the extra cost to GMTV, and GMTV pays off the lender.

Does GivemetheVIN purchase leased automobiles?

Yes, so long as the producer is permitting third-party gross sales. Many don’t. If the producer doesn’t permit third-party gross sales, you’ll need to purchase out the lease first.

Where does GivemetheVIN purchase vehicles?

GMTV buys automobiles in each state besides Alaska and Hawaii. It contracts with transport firms to supply pickups all through the decrease 48 states.

Can I drop off my automobile as a substitute of getting it picked up at my residence or workplace?

Yes. Depending in your location, you could choose to drop off your automobile at a GMTV workplace or a Manheim public sale lot. GMTV has workplace areas in 14 states: Arkansas, California, Colorado, Florida, Louisiana, Maryland, Michigan, Nevada, North Carolina, Oklahoma, Pennsylvania, Tennessee, Texas and Virginia. Check on-line for the corporate’s latest workplace areas. Manheim is a wholesale market with areas in 35 states.

What if another person’s title is on the title?

GMTV will stroll you thru the method of promoting a automobile that has a misplaced title, has another person’s title on the title, or belongs to somebody who’s deceased.

Other car-selling particulars

  • Does GMTV have restrictions on automobiles it should purchase? Very few. Vehicles have to be drivable, valued at $1,000 or extra, and never restricted from resale by a leasing firm.

  • What extra is required to finish a sale? Driver’s license picture and automobile registration, title (if in possession); mortgage info (if relevant); picture of odometer studying, pictures of all 4 sides of the automobile, and pictures of the VIN plate and sticker.

  • Will GivemetheVIN choose up my automobile? GMTV picks up bought automobiles without charge. It buys vehicles in each state besides Alaska and Hawaii.

  • When am I paid? Sellers obtain a test after they hand over the automobile. As quickly because the automobile is inspected and accepted by a GMTV purchaser, the test is activated and could be cashed at any Bank of America location. This occurs both on the time of switch or inside 72 hours.

  • Will GivemetheVIN purchase my automobile if it has been in a flood? Yes, GMTV buys automobiles which have been in a flood, have hail harm, or want reconditioning on account of different occasions. Damage have to be disclosed. The automobile have to be drivable and valued at $1,000 or extra.

  • Will I be charged any charges? The solely charge is one for $250 for those who again out of the sale after signing a contract.

  • Can the value change after I’ve handed over the automobile? It can you probably have not disclosed harm.

  • Availability: Monday-Friday, 8 a.m.-6 p.m. CT, Saturday 9 a.m.-4 p.m. CT.

  • Contact choices: Email. Phone.

To evaluate GivemetheVIN, NerdWallet despatched GMTV a questionnaire with dozens of knowledge factors and adopted up with firm representatives. The info was in contrast with different auto patrons that supply an analogous service. 

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